Use This Chance To Buy OGE Energy Corp. (OGE), Microsoft Corporation (MSFT) - The RNS Daily

A look at OGE technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 63.27 point. Its trading volume has lost -439208 shares compared to readings over the past three months as it recently exchanged 1130792 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1570000 shares, and this is 0.72 times the normal volume.

OGE Energy Corp. (NYSE:OGE) climbed by 13.61% over the past three months which led to its overall six-month increase to stand at 18.89%. The equity price rose 2.74% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 3.58% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 36.5% and is now up by 10.79% since start of this year.

The shares of OGE Energy Corp. dropped by -0.78% or -$0.34 from its last recorded high of $43.76 which it attained on March 26 to close at $43.42 per share. Over the past 52 weeks, the shares of OGE Energy Corp. has been trading as low as $31.49 before witnessing a massive surge by 37.89% or $11.93. This price movement has led to the OGE stock receiving more attention and has become one to watch out for. It dipped by -0.55% on Wednesday and this got the market worried. The stock’s beta now stands at 0.54 and when compared to its 200-day moving average and its 50-day moving average, OGE price stands 13.37% above and 4.23% above respectively. Its average daily volatility for this week is 1.26% which is less than the 1.29% recorded over the past month.

Experts from research firms are bullish about the near-term performance of OGE Energy Corp. (OGE) with most of them predicting a $40.63 price target on a short-term (12 months) basis. The average price target by the analysts will see a -6.43% rise in the stock and would lead to OGE’s market cap to surge to $8.11B. The stock has been rated an average 3.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 9 analysts that track OGE Energy Corp. (NYSE:OGE) and find out that 8 of them rated it as a Hold. 0 of the 1 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Microsoft Corporation (NASDAQ:MSFT) currently stands at $116.77 after it went down by $-1.14 or -0.97% and has found a strong support at $115.46 a share. If the MSFT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $114.15 mark would also be bad for the stock as it means that the stock would plunge by 2.24% from its current position. However, if the stock price is able to trade above the resistance point around $118.15, then it could likely surge higher to try and break the upward resistance which stands at $119.52 a share. Its average daily volatility over the past one month stands at 1.59%. The stock has plunged by 86.71% from its 52-weeks high of $15.5215 which it reached on Mar. 21, 2019. In general, it is 25.06% above its 52-weeks lowest point which stands at $87.51 and this setback was observed on Feb. 04, 2018.

Analysts have predicted a price target for Microsoft Corporation (MSFT) for 1 year and it stands at an average $126.57/share. This means that it would likely increase by 8.39% from its current position. The current price of the stock has been moving between $115.5215 and $118.21. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $75. On the other hand, one analyst is super bullish about the price, setting a target as high as $160.

The MSFT stock Stochastic Oscillator (%D) is at 56.92%, which means that it is currently neutral. The shares P/S ratio stands at 7.77 which compares to the 8.61 recorded by the industry or the 25.29 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 23.42, which is lower than the 27.16 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 8.5% over the past five years.

Analysts view Microsoft Corporation (NASDAQ:MSFT) as a Buy, with 1.7 consensus rating. Reuters surveyed 35 analysts that follow MSFT and found that 2 of those analysts rated the stock as a Hold. The remaining 33 were divided, with 32 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Microsoft Corporation (MSFT) shares or sell it if they already own it.

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