Stitch Fix Stock Flashes Bullish Technical Indicators Ahead Of Q3 Earnings
Portfolio Pulse from Surbhi Jain
Stitch Fix Inc (NASDAQ:SFIX) is set to report its Q3 earnings on Tuesday, with Wall Street expecting -23 cents in EPS and $306.12 million in revenues. The stock has shown bullish technical indicators, being above its 5, 20, and 50-day exponential moving averages, and the 8-day simple moving average. However, it remains below the 200-day simple moving average. The MACD is positive, and the RSI is at 61, nearing overbought levels. Analysts have a mixed outlook with a consensus price target of $4.57, indicating potential upside.
June 04, 2024 | 1:25 pm
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Stitch Fix is showing bullish technical indicators ahead of its Q3 earnings report, with the stock price above its 5, 20, and 50-day exponential moving averages. Analysts have a mixed outlook with a consensus price target of $4.57.
The stock is showing strong bullish technical indicators, which could lead to a short-term price increase. However, the RSI nearing overbought levels and the stock being below the 200-day simple moving average suggest caution. Analysts' mixed outlook with a consensus price target of $4.57 indicates potential upside.
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