Market Runner: Could Nice Ltd (ADR) Lose its Strength? The Stock Reaches All Time High

Market Runner: Could Nice Ltd (ADR) Lose its Strength? The Stock Reaches All Time High

The stock of Nice Ltd (ADR) (NASDAQ:NICE) reached all time high today, Nov, 10 and still has $87.75 target or 29.00% above today’s $68.02 share price. This indicates more upside for the $4.15 billion company. This technical setup was reported by Barchart.com. If the $87.75 PT is reached, the company will be worth $1.20B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 99,796 shares traded hands or 1.10% up from the average. Nice Ltd (ADR) (NASDAQ:NICE) has risen 11.73% since April 8, 2016 and is uptrending. It has outperformed by 6.08% the S&P500.

Nice Ltd (ADR) (NASDAQ:NICE) Ratings Coverage

Out of 6 analysts covering NICE Systems (NASDAQ:NICE), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. NICE Systems has been the topic of 9 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Nice Ltd (ADR) (NASDAQ:NICE) earned “Neutral” rating by UBS on Friday, May 27. JMP Securities upgraded the stock to “Market Outperform” rating in Thursday, May 26 report. The rating was upgraded by Zacks to “Hold” on Wednesday, August 5. The stock of Nice Ltd (ADR) (NASDAQ:NICE) has “Buy” rating given on Wednesday, June 22 by Chardan Capital Markets. The stock of Nice Ltd (ADR) (NASDAQ:NICE) has “Sector Perform” rating given on Friday, February 12 by RBC Capital Markets. On Thursday, July 30 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Neutral” rating given on Wednesday, August 26 by UBS. JP Morgan reinitiated the stock with “Overweight” rating in Wednesday, June 29 report.

According to Zacks Investment Research, “Nice Systems is the leading provider of Insight from Interactions solutions, based on advanced analytics of unstructured multimedia content from telephony, web, radio and video communications. Nice is the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance. NICE is revolutionizing VoIP interactions management with state-of-the-art solutions for IP contact centers, branches, and command and control centers. NICE’s solutions are changing the way organizations make decisions, helping them improve business and operational performance, address security threats and be proactive.”

NICE Company Profile

NICE Ltd., formerly NICE-Systems Ltd., incorporated on September 28, 1986, is a global enterprise software provider. The Company’s divisions include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers. The Financial Crime and Compliance Solutions segment provides real time and cross-channel fraud prevention, anti-money laundering, brokerage compliance and enterprise-wide case management. The Firm serves contact centers, back office activities and retail branches, covering various industries, including communications, banking, insurance, healthcare, business processes outsourcing (BPO), government, utilities, travel and entertainment.

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