3 ‘Buy’ stocks and 2 ‘Hold’ stocks according to Oppenheimer
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Oppenheimer analysts provided technical analysis for five stocks, all rated “outperform.”
This is “technical color” for stocks discussed in Oppenheimer’s research call by analysts.
Buy
Gilead Sciences (GILD) – Uptrend
This stock has a trend with “top-down headwinds from a relatively weak biotechnology (XBI) industry.”
Corning (GLW) – Uptrend
The stock is attempting to break through its April 2021 peak. “It’s also notable the stock is still trading below its year-2000 high at $113,” analysts wrote. But its bullish trend and high-momentum “argues for a definitive breakout to a new cycle high over the coming weeks to months.”
McGrath RentCorp (MGRC) – Reversing higher
The stock has been showing improvement since its late-October breakout above its 200-day average. However, its lower momentum score “leaves something to be desired,” analysts said.
Hold
Alcon (ALC) – Reversing lower
The stock’s trend broke below its $89 resistance (200-day average), and analysts see $82 as imminent support.
RxSight (RXST) – Downtrend
This stock also broke below its $53 resistance (200-day average), and analysts see $41 as imminent support.
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