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:
Alibaba (NYSE:BABA) – BABA is a Chinese multinational company that offers e-commerce, retail, internet, and technology 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 21%.
McKesson (NYSE:MCK) – This global healthcare company provides pharmaceuticals, medical supplies, and health information technology solutions. MCK 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 more than 7%.
Merck (NYSE:MRK) –This global healthcare company develops pharmaceuticals, vaccines, biologic therapies, and animal health products. 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 6% 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.
