Stericycle Inc (NASDAQ: SRCL). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SRCL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Stericycle has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Stericycle has a slightly negative Appreciation Score of 32 but a good Power Rating of 71, triggering the Neutral Value Trend Rating.
Recent Price Action
Stericycle Inc (NASDAQ: SRCL) stock closed at $59.20 on 6/5/24 after a slight gain of 0.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 419% of normal. The stock has been strong relative to the market over the last nine months and has risen 19.7% during the last week.
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