Virtus Investment Partners Inc (VRTS) has entered oversold territory with an RSI of 29.2, indicating potential buying opportunities. The stock recently fell to $167.13, suggesting a possible rebound.
VRTS offers a dividend yield of 5.22%, attractive for income-focused investors. The company has consistently increased dividends, a positive sign for investors.
Key levels for VRTS include resistance at $179.72 and support at $169.18. Breaking above resistance could signal an uptrend.
The stock closed at $174.77 after hitting a low of $171.49, showing buying interest at lower levels.
Given the oversold condition and attractive valuation, VRTS is expected to rebound. The stock price is predicted to rise to $179.72 next week, suggesting a buy recommendation.
Prediction: Buy VRTS with a target price of $179.72.
The price of VRTS is predicted to go up -6.1%, based on the high correlation periods with GEL. The similarity of these two price pattern on the periods is 92.57%.
VRTS
GEL
Piper Sandler
2025-01-21
Price Target
$274 → $258
Upside
+22.45%
Barclays
2025-01-17
Price Target
$239 → $221
Upside
+5.2%
Morgan Stanley
2024-12-20
Price Target
$224 → $228
Upside
+3.17%