Bounding Shares, What’s Next for Fulgent Genetics, Inc. (:FLGT)?

Fulgent Genetics, Inc. (:FLGT) moved -1.04% from the recent close and currently pricing at $5.69.  There has been some talk amongst investors regarding this name and is on many “cheap” stock watchlists.  Cheap that is in terms of price, but what about value?

Let’s take a quick look at how the price of Fulgent Genetics, Inc. (:FLGT) is currently trading in comparison to some of its simple moving averages. At current levels, shares have been seen trading 18.33% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 32.58%. Using a broader approach, the stock has been trading 41.51% off of the 200-day moving average. After the latest check-in, shares are -7.04% off of the 50 day high and 79.50% away from the 50 day low number.

Investors might be preparing to do a portfolio evaluation as we move towards the close of the year. There may be plenty of big winners from the first half of the year, but there may also be some underperformers that need to be reviewed. Making sure that the portfolio stays in balance can help prepare the investor for success over the next few quarters. With the stock market still riding high, investors may be wondering how to play the market into the near future. If market momentum starts to shift, investors may need to be ready to make some tougher decisions. Being prepared for any market situation can help the investor cope with rough waters when the time comes.      

In terms of performance, shares of Fulgent Genetics, Inc. (:FLGT) are 81.39% since the start of 2016. Over the past week, shares are 22.34%. Moving out to look at the previous month performance, the stock is at 44.47%. For the quarter, performance is at 63.35%. During the past six months, Fulgent Genetics, Inc. (:FLGT)’s stock has been 43.28% and 53.33% for the last 12 months.

Investing in the stock market can sometimes draw intense emotion from individual investors. When the market slips into a chaotic state, some investors may let their emotions get the best of them which can lead to impulsive decisions. On the other side of the coin, market chaos may cause certain investors to freeze in a panic. This may mean that the investor becomes shaken to the point that they are unable to make any decisions let alone an educated one. Discipline is a quality shared by many successful traders and investors. Staying committed to the plan, whether short-term or long-term, can help investors make it through those times of extreme market uncertainty. 

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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