Time for Investors to Take the Plunge on Movado Group, Inc. (NYSE:MOV)

Equity Research firms currently have a positive stance on shares of Movado Group, Inc. (NYSE:MOV). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $26.50 on a short term basis.

At the time of writing, the stock was trading at $21.27. This represents a change from the opening price of 0.47%. In terms of performance, year to date, the stock is -16.09%. The monthly stock performance comes in at -5.73%. For the quarter, shares are performing at -0.04%. Weekly performance analysis shows the equity at -2.53%.

In taking a look at technical levels, shares are trading -4.69% away from the 50 day simple moving average and -12.62% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -30.17% away from it’s 52- week high and 11.77% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Movado Group, Inc.’s RSI stands at 43.77. In looking at volatility levels, the shares saw weekly volatility of 2.31% and 2.62% over the past month.

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