3 stocks with price targets despite Wednesday's range-bound session

Published: November 25 2022, 09:50 GMT+0

3 stocks with price targets despite Wednesday's range-bound session

Read up on Vanguard Mid-Cap Index Fund ETF Shares, AT&T, Costco as they approach key price targets in the near term.

Here's an update with information from the last trading session:

What is a Price Target?

A price target is the projection of an asset's future price. Support and resistance lines are important components of technical analysis used in predicting a price target because they prevent an asset from being pushed beyond a certain limit. When an asset drops in value it nears its support line, and when it increases in value it comes closer to its resistance line. Assets that are on a trend and are approaching one of their lines are selected for this article.

Buyers pushing Vanguard Mid-Cap ETF towards its price target of $214.07; currently at $213.3

Vanguard Mid-Cap Index Fund ETF Shares's recent run now faces a major challenge as concentrated supply is likely found at $214.07 with price action currently 77 cents away.

Vanguard Mid-Cap ETF is on a 5 day bullish run gaining $3.69 (2.33%). Vanguard Mid-Cap ETF lived up to expectations Wednesday by maintaining its set course — Vanguard Mid-Cap ETF went up to $213.3 Wednesday, gaining 0.55%.

AT&T's Price target: $19.17 | Last close: $19.09 | Daily range: $18.89 – $19.11 | Off hours: $19.09

AT&T's run now faces a challenge at $19.17, which is only 8 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

AT&T displays further gains following a recent trend of 15 days and 83 cents. AT&T pointed in the same direction Wednesday: generally flat but with a slight bullish bias, AT&T ranged between $18.89 and $19.11 before closing higher at $19.09. Wednesday's trading volume was 20.93 million shares which is below the 21-day average of 41.58 million.

AT&T's Price target: $19.17 | Last close: $19.09 | Daily range: $18.89 – $19.11 | Off hours: $19.09

AT&T's run now faces a challenge at $19.17, which is only 8 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

AT&T displays further gains following a recent trend of 15 days and 83 cents. AT&T pointed in the same direction Wednesday: generally flat but with a slight bullish bias, AT&T ranged between $18.89 and $19.11 before closing higher at $19.09. Wednesday's trading volume was 20.93 million shares which is below the 21-day average of 41.58 million.

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