Short Term Technical Outlook: Spirit Realty Capital, Inc. (SRC), Clovis Oncology, Inc. (CLVS)

Spirit Realty Capital, Inc. (NYSE:SRC) traded at an unexpectedly high level on 10/20/2017 when the stock experienced a -2.3% loss to a closing price of $8.08. The company saw 20.78 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 10.02 million shares a day, this signifies a pretty significant change over the norm.

Spirit Realty Capital, Inc. (SRC) Analyst Gushes

Analysts are speculating a 36.14% move, based on the high target price ($11) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $9.12 price target, but the stock is already up 21.69% from its recent lows. However, the stock is trading at -36.73% versus recent highs ($ 12.66). Analysts believe that we could see stock price minimum in the $8 range (lowest target price), allowing for another -0.99% drop from its current position. Leading up to this report, we have seen a -5.61% fall in the stock price over the last 30 days and a 2.8% increase over the past 3 months. Overall, the share price is down -25.6% so far this year. Additionally, SRC had a day price range of $8.07 to $8.35.

Spirit Realty Capital, Inc. (SRC) Price Potential

Heading into the stock price potential, Spirit Realty Capital, Inc. needs to grow just 11.39% to cross its median price target of $9. In order to determine directional movement, the 50-day and 200-day moving averages for Spirit Realty Capital, Inc. (NYSE:SRC) are $8.55 and $8.3. Given that liquidity is king in short-term, SRC is a stock with 451.65 million shares outstanding that normally trades 2.43% of its float. The stock price recently experienced a 5-day loss of -5.72% with 0.19 average true range (ATR). SRC has a beta of 0.63 and RSI is 31.47.

Clovis Oncology, Inc. (NASDAQ:CLVS)’s Lead Over its Technicals

On the other hand, Clovis Oncology, Inc. by far traveled 200.27% versus a 1-year low price of $25.81. The share price was last seen 0.95% higher, reaching at $77.5 on Oct. 20, 2017. At recent session, the prices were hovering between $77.26 and $79.37. This company shares are 20.94% off its target price of $93.73 and the current market capitalization stands at $3.79B. The recent change has given its price a 2.14% lead over SMA 50 and -22.07% deficit over its 52-week high. The stock witnessed 0.71% gains, -10.96% declines and 36.16% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CLVS’s volatility during a week at 3.95% and during a month it has been found around 4.47%.

Clovis Oncology, Inc. (NASDAQ:CLVS) Intraday Metrics

Clovis Oncology, Inc. (CLVS) exchanged hands at an unexpectedly low level of 1.38 million shares over the course of the day. Noting its average daily volume at 1.59 million shares each day over the month, this signifies a pretty significant change over the norm.

Clovis Oncology, Inc. Target Levels

The market experts are predicting a 61.29% rally, based on the high target price ($125) for Clovis Oncology, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $73 range (lowest target price). If faced, it would be a -5.81% drop from its current position. Overall, the share price is up 74.47% year to date.

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