Focus on Pointer Telocation Ltd. (NASDAQ:PNTR)

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Shares of Pointer Telocation Ltd. (NASDAQ:PNTR) are currently poised at -0.99% from the open today and are trading at $10.05. More than 54,847 shares have exchanged hands compared to an average trading volume of 10.73K. At the current pps, the market cap stands at $72.71M. The stock prices of Pointer Telocation Ltd. (NASDAQ:PNTR) are currently trading at 3.08% below its 52 week high and 92.16% above its 52 week low.

Pointer Telocation Ltd. (NASDAQ:PNTR) has been in the news for all the right reasons. Recently, Pointer Telocation Ltd. (NASDAQ:PNTR) announced that  it will release its financial results for the first quarter of 2017 on Thursday, May 18th, 2017.

Pointer Telocation Ltd. (NASDAQ:PNTR) is all set to announce its earnings on May 18/b. As per Zack’s analyst ratings, Pointer Telocation Ltd. (NASDAQ:PNTR) currently has an average brokerage rating of 1. 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:PNTR) is $10 with a high of $10 and a low of $10.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 96% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of 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 oil 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). Currently, the 5 day EMA 9.27 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 8.99 is lower than current trading price depicting a bullish signal.

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 53.10 suggesting a bullish price action.

As such, while we believe Pointer Telocation Ltd. (NASDAQ:PNTR) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

Pointer Telocation Ltd provides range of services to insurance companies and automobile owners, including road-side assistance, vehicle towing, stolen vehicle retrieval, fleet management and other value added services. Pointer Telocation provides services, for the most part, in Israel, through its subsidiary Shagrir and in Argentina and Mexico through its local subsidiaries.

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