CGMU Crosses Critical Technical Indicator
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2024
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Source: NASDAQ.COM
CGMU RSI Analysis: CGMU's RSI reading is at 28.3, indicating potential exhaustion of recent selling, while the S&P 500's RSI is at 59.6, suggesting a contrasting market sentiment.
Stock Performance Overview: CGMU shares are trading at $27.07, down 0.5% for the day, with a 52-week range between $25.32 and $27.54.
Analyst Views on CGMU
Wall Street analysts forecast CGMU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CGMU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
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0 Sell
Current: 27.560
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Current: 27.560
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
