Angie’s List Inc. provides information, reports and reviews about service companies. The Company offers product and company reviews, actively collects data on listed companies, and provides complaint resolution services between business and client. Its members share their experiences with each other so that they can choose the service company that’s right for their job. The Company provides detailed reviews on roofers, plumbers, house cleaners and dentists along with others. Angie’s List, Inc. is headquartered in Indianapolis, Indiana.
Angie’s List, Inc. (NASDAQ:ANGI) has been in the news for all the right reasons. Recently, Angie’s List, Inc. (NASDAQ:ANGI) announced they have entered into a definitive agreement to combine Angie’s List and IAC’s HomeAdvisor into a new, publicly traded company; a separate release announcing the transaction was issued yesterday.
The Barchart Technical Opinion rating is a 72% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators mostly agree with the trend.
The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oid prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 7.12 and 6.10 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .
The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 86.22 suggesting a bullish price action.
Angie’s List, Inc. (NASDAQ:ANGI) is all set to announce its earnings on May 03/b. As per Zack’s analyst ratings, Angie’s List, Inc. (NASDAQ:ANGI) currently has an average brokerage rating of 2.75. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:ANGI) is $7.062 with a high of $9 and a low of $4.75.
As such, while we believe Angie’s List, Inc. (NASDAQ:ANGI) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.