MORNMorningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, and was founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.
Long.
MORN trade ideas
Continuation of the Trend Bullish Divergence on the annual time frame indicating a continuation of the annual trend targeting $300.
Oversold stochastic showing that bears are loosing control and bulls are entering the market gaining the opportunity to earn some sweet dividend pay outs.
RSI indicating Market exhaustion the the downside is over and a bull run is beginning and will continue for the weeks and months ahead.
Enter: $206
SL: $180
Target 1:$250
Target 2: $300
Short on high interest ratesFundamentals:
- bank problems caused by high interest rates
Technicals:
- short breakout below 9 month support and 200 week moving average
Morningstar Acquires Cuffelinks and Expands Investment CommentarMORN: Morningstar, Inc.
2019-10-17 09:00:00
Morningstar Acquires Cuffelinks and Expands Investment Commentary
MORNINGSTAR TAKING ANOTHER STEP HIGHER-----PRICE TARGET $162------
COMPANY PROFILE
Morningstar, Inc. engages in the provision of independent investment research. It offers morningstar data, morningstar direct, morningstar investment management, morningstar advisor workstation, workplace solutions, pitchbook data, morningstar.com, morningstar enterprise components, morningstar research, morningstar credit ratings, and morningstar indexes. The company was founded by Joseph D. Mansueto on May 16, 1984 and is headquartered in Chicago, IL.
MORNINGSTAR BUY OPPORTUNITYOnly if the prices will go directly (without stop) on the 200 daily SMA could be a nice occasion to enter for a rebound
MORN: next confirmation of rising marketPrice moves mostly in the rising channel. After the breakout of local inclined resistance there are confirmed:
1. double bottom (with retest of it's neck by the second signal)
2. flag (with breakout of the top line)
The recommendation is to buy:
Entry point 85.00
Stop-loss 82.43 (-1 tic of flag's low price)
Target 91.00 (according to target-sizing approach)
Risk/return ratio 1: 2.33
Our assumption is that price will continue to grow further.
