A Technical Look At 2 Stocks: India Globalization Capital, Inc. (IGC), Baozun Inc. (BZUN)

India Globalization Capital, Inc. (NYSE:IGC) recorded a trading volume of 1.1 million shares, above its 90-day volume average of 0.3 million shares. The stock kicked off the session at $0.41 and later approached $0.41 with a change of 6.47%.

India Globalization Capital, Inc. (NYSE:IGC) Intraday View

This stock (IGC) is ahead of its 52-week low with 118.37%. Its last month’s stock price volatility remained 8.29% which for the week stands at 9.46%. The share price has moved forward from its 20 days moving average, trading at a distance of 16.05% and stays 12.71% away from its 50 days moving average. Over the last five days, shares have managed 12.07% gains and now is up 11.04% since hitting its 200-day moving average of $0.4094. India Globalization Capital, Inc. (IGC) has made its way to a 12-month decline of -13.09%.

Turning to Baozun Inc. (NASDAQ:BZUN), its shares were trading at $34.1 a retreat of $-1.94, on the trading floor. The stock, after opening at $35.74, touched a high of $35.8 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.9. Baozun Inc. has 2 buy ratings, 1 holds and 0 sells even after the stock tumbled -16.11% from its high of $40.65 to a $1.89 billion market value through last close.

Baozun Inc. (BZUN) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.86 to 1.86 during a month. Analysts set a 12-month price target of $32.82 a share. The target implies a -3.75% decrease from where the shares are currently trading. Also, the current price highlights a discount of 11.44% to analysts’ high consensus price target.

Baozun Inc. (NASDAQ:BZUN) Intraday Trading

The counter witnessed a trading volume of 3.04 million shares versus an average volume of 3.4 million shares during last trading session. Its last month’s stock price volatility remained 6.55% which for the week approaches 6.59%. The lowest price the stock reached in the last trading day was $34 and compares with the $10.87 52-week low. The stock recovered 213.71% since its low point and has performed 182.52% year-to-date.

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