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Analysts and Technical Indicators Agree: These 3 Stocks Are “Strong Buys” – 04/05/2024 
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Analysts and Technical Indicators Agree: These 3 Stocks Are “Strong Buys” – 04/05/2024 

TipRanks’ Technical Analysis Screener  gives investors everything they need to find the stocks that fit their unique technical analysis investment strategy. Using the screener, we have identified three stocks that are considered Strong Buys according to both their technical analysis score and Wall Street analysts’ ratings.

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Here are this week’s stocks: 

Tencent Music Entertainment (NYSE:TME) – TME is an online music entertainment platform in China that offers a wide range of music streaming, karaoke, and social networking services. The stock has a Strong Buy overall technical analysis score. Interestingly, analysts share this view as it has a Strong Buy analyst consensus rating. The 12-month consensus price target indicates an upside of over 11%.

Cigna (NYSE:CI– Cigna is a global health services organization that provides insurance and healthcare solutions. CI stock carries a Strong Buy overall technical analysis score. Analysts concur with that sentiment, giving a Strong Buy consensus rating and a 12-month price target that implies an upside of about 7%.

Corteva (NYSE:CTVA) – This company provides innovative solutions to farmers worldwide, spanning crop protection, seeds, and digital agriculture. The stock has a Strong Buy overall technical analysis score. Likewise, analysts have given the stock a Strong Buy consensus rating, with a 12-month price target indicating about 8.5% upside potential.

What Is the TipRanks Technical Analysis Score? 

TipRanks’ unique calculation combines the Moving Average score and the Oscillator score to assess a stock’s technical strength or weakness. The score provides a comprehensive view of a stock’s potential price movement based on historical data and technical analysis. 

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