Time to eliminate Sykes Enterprises Inc. (NASDAQ:SYKE) from your holding?


Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) last traded at $33.29. The firm’s performance so far in this year is 15.35%. The 200-day simple moving average is 15.32%. It is considered a key indicator by market analysts and traders for determining the long-term trend. The price mark in a market that coincides with it is recognized as a key support when price moves above the 200-day SMA or resistance when stock price is below this level.

As per recent filings, Sykes Enterprises, Incorporated (NASDAQ:SYKE) has an insider ownership of 1.60%.

Sykes Enterprises, Inc. is a leader in providing vertically integrated technology-based solutions through an integrated strategy combining its information technology services with an emerging e-commerce platform. Sykes’ continues to leverage its position as a leading provider of information technology services by assisting its clients in capitalizing on the growth of e-commerce over the Internet. Sykes’ e-commerce service platform enables it to comprehensively continue to expand by serving as a single-source provider of Internet-based technology solutions.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) has been storming Wall Street with promising press release. Recently, the firm reported that according to the March 2017 analysis commissioned by RetailMeNot and performed by Forrester Consulting, the firm’s mobile marketing solutions result in a 3-year, risk-adjusted ROI of 4.3x.

The Barchart Technical Opinion rating is a 80% Buy with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.

The Exponential Moving Average is a tool same as a simple moving average, with the only difference being a weighting factor used by EMA that exponentially declines from the recent data point. EMA analysis checks the averages for different period, including short term that is 5 days and 13 days, intermediate term for 20 days and long term of 50 days EMA. The bullish signals are received when they trade above trailing EMAs and below the prevailing price and vice versa. EMA signals include crossovers and EMA convergences Currently, the 5 day EMA 33.44 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 31.11 is lower than current trading price depicting a bullish signal..

The relative strength index can be marked as a momentum oscillator that is able to read the velocity and magnitude of equity price changes. The current RSI is 62.65 suggesting a bullish price action.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) is all set to post its earnings on May 08/a. As per Zack’s analyst ratings, Sykes Enterprises, Incorporated (NASDAQ:SYKE) presently has an average brokerage rating of 2. On a scale of 1 – 5, a rating of 2 or 1 would indicate a buy, and a 4 or 5 rating would signify a sell while a rating of 3 indicates a hold. The consensus target price on (NASDAQ:SYKE) is $35.8 with a high of $38 and a low of $33.

As such, while we consider Sykes Enterprises, Incorporated (NASDAQ:SYKE) represents a convincing growth story exposed to different attractive markets, it would be enticing to see what it brings for long-term investors.