Stocks to Watch: Eyes on Idacorp, Inc. (IDA), Dreyfus Municipal Income, Inc. (DMF)

The price of IDACORP, Inc. (NYSE:IDA) went up by $1.88 now trading at $103.52. Their shares witnessed a 21.46% increase from the 52-week low price of $85.23 they recorded on 2018-06-12. Even though it is still -0.24% behind the $103.77 high touched on 2019-05-13. The last few days have been good for the stock, as its price has grew by 3.19% during the week. It has also performed better over the past three months, as it added around 5.22% while it has so far climbed around 13.21% during the course of a year. The stock of IDA recorded 11.24% uptrend from the beginning of this year till date. The 12-month potential price target for IDACORP, Inc. is set at $95. This target means that the stock has an upside potential to increase by -8.23% from the current trading price.

56 institutions entered new IDACORP, Inc. (NYSE:IDA) positions, 166 added to their existing positions in these shares, 133 lowered their positions, and 29 exited their positions entirely.

IDACORP, Inc. (IDA) trade volume has increased by 39.51% as around 340,042 shares were sold when compared with its 50-day average volume of traded shares which is 243,740. At the moment, IDA is witnessing a uptrend, as it is trading 4.98% above its 20-day SMA, 4.54% above its 50-day SMA, and 6.1% above its 200-day SMA. The company runs an ROE of roughly 9.9%, with financial analysts predicting that their earnings per share growth will be around 2.4% per annum for the next five year. This will be compared to the 3.8% increase witnessed over the past five years.

The first technical resistance point for IDACORP, Inc. (NYSE:IDA) will likely come at $104.43, marking a 0.87% premium to the current level. The second resistance point is at $105.35, about 1.74% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $100.37, the lower end of the range. IDA’s 14-day MACD is 2.37 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 71.05, which shows that its stock has been overbought. The 20-day historical volatility for the stock stands at 13.88 percent, which is high when compared to that of the 50-day’s 13.6 percent.

The shares of Dreyfus Municipal Income, Inc. (NYSE:DMF) has increased by 0.12%, and now trading at $8.44 on the Wall Street in the intra-day deal, with their shares traded now around 68,026. This is a decline of -1,266 shares over the average 69,292 shares that were traded daily over the last three months. The stock that is trading at $8.44 went higher by 12.99% from its 52-week low of $7.47 that it attained back on 2018-10-11. The stock recorded a 52-week high of $8.48 nearly 43 days ago on 2019-04-01.

DMF stock has performed well over the past 30 days, as it added 0.6% while its price climbed by 10.76% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 0.48% over the last week. The stock’s 12-month potential target price is now at $0.

Dreyfus Municipal Income, Inc. (NYSE:DMF) has been utilizing an ROE that is roughly 0%, with stock analysts predicting that the company’s EPS for the next five years will go down by 0% per year, following the 0% drop that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 1.04% above its 20-day SMA, 1.43% above its 50-day SMA, and 5.96% above its 200-day SMA. In percentage terms, the aggregate Dreyfus Municipal Income, Inc. shares held by institutional investors is 27.29%. 9 institutions jumped in to acquire Dreyfus Municipal Income, Inc. (DMF) fresh stake, 31 added to their current holdings in these shares, 13 lowered their positions, and 7 left no stake in the company.

The stock’s 9-day MACD is 0.03 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 68.84, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 5.86 percent, which is less when compared to that of the 50-day’s 6.88 percent. On the daily chart, we see that the stock could reach the first level of resistance at $8.47, sporting a 0.35% premium to the current level. The next resistance point is at $8.51, representing nearly 0.82% premium to the current market price of Dreyfus Municipal Income, Inc. (DMF). On the other hand, failure to breach the immediate hurdles can drag it down to $8.33, the lower end of the range.

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