Worthy of a Trade, Wary of an Investment : Hovnanian Enterprises, Inc. (HOV), The India Fund, Inc. (IFN) Stocks

The stocks of Hovnanian Enterprises, Inc. (NYSE:HOV) has been Initiated to Neutral by Buckingham Research in its latest research note that was published on January 11. The stock also received a Mkt Underperform to Mkt Perform rating from JMP Securities. This was contained in a research note published by the firm on October 09. The stock received a Neutral to Sell rating and a price target of $1.75 in MKM Partners’s research note that was published on December 22.

Hovnanian’s stock is covered by 1 analysts, with none of them rating the stock as Buy. It has been deemed to have strong buy by none of the analysts, 1 of them have rated it as a Hold while none of them rated it as sell. Meanwhile, none analyst(s) rated it as a sell. The above data shows that HOV has an average analyst rating of Hold.

HOV surged by $0.31 during the normal trading session on Monday and reaching a high of $24.12 during the day while it closed the day at $23.04. The Hovnanian stock had a low trading volume of 0.28 million shares on that day, which is low compared to the average daily volume of 290.61M shares. HOV has also gained 1.99% of its value over the past 7 days. However, the stock has surged by 244.39% in the 3 months of the year. Over the past six months meanwhile, it has gained 75.88% while it has added 34.76% year-on date.

Shares in The India Fund, Inc. (NYSE:IFN) fell by -0.34 percent on Monday. The company’s stock began trading at $20.64 below the previous closing price of $20.71, and finished the day at $20.61. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -3.15% from its 3 months high price. However, taking another look at IFN will indicate that it is trading +6.18% away from its 90-day low. Looking at the bigger picture, the The India Fund, Inc. stock has dropped by -9.01% from its 52-week high while it has surged by +6.18% from its 52-week low price.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that IFN stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that The has a 20-day average volume of 70285 shares. This has led to the IFN price forecast being placed as a 25%Buy on an average basis. In the medium term, however, the IFN stock has its 50-Day average volume of 88314 shares, with the indicators also rating it as a 50%Sell. Finally, in the long-term, the IFN stocks have a 100-Day average volume of 85505 shares, with the long-term indicators rating the stock as just 50%Sell.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 58.64%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 28.24%. Over the past 20 days, The’s Stochastic %K stood at 33.75% while its Stochastic %D was revealed to be 38.19%.