Are Either WellCare Health Plans, Inc. (NYSE:WCG) or Randgold Resources Limited (NASDAQ:GOLD)Ready for a Breakout?

Bargain stock hunters have honed in their attention of late on shares of WellCare Health Plans, Inc. (NYSE:WCG).  The stock is currently valued at $211.47 after moving 2.09% in the most recent session and 0.07% over the past 5 trading days.  Given the current price levels, let’s take a look and see if there is any value here.

Here we’ll take a quick glance at how the stock price is currently trading in relation to some of its simple moving averages. At current levels, WellCare Health Plans, Inc. (NYSE:WCG) shares have been seen trading 4.20% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 3.99%. Using a broader approach, shares have been trading 18.32% off of the 200-day moving average. After the latest check-in, company stock is -1.17% off of the 50 day high and 13.69% away from the 50 day low price.

In terms of performance, shares of WellCare Health Plans, Inc. (NYSE:WCG) are 5.15% since the start of 2016. Over the past week, shares are 0.07%. Moving out to look at the previous month performance, the stock is at 2.71%. For the quarter, performance is at 25.64%. During the past six months, WellCare Health Plans, Inc. (NYSE:WCG)’s stock has been 16.06% and 46.25% for the last 12 months.

Fine tuning their focus in on Randgold Resources Limited (NASDAQ:GOLD) stock, investors are taking a closer look at the equity in recent weeks.  Most recently the shares moved 0.83% landing at a price of $100.45.  Despite the fact that the price is less than a cup of coffee, is there any value here?  

Here we’ll take a quick glance at how the stock price is currently trading in relation to some of its simple moving averages. At current levels, Randgold Resources Limited (NASDAQ:GOLD) shares have been seen trading 4.09% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 6.51%. Using a broader approach, shares have been trading 6.60% off of the 200-day moving average. After the latest check-in, company stock is -0.67% off of the 50 day high and 11.96% away from the 50 day low price.

In terms of performance, shares of Randgold Resources Limited (NASDAQ:GOLD) are 1.58% since the start of 2016. Over the past week, shares are 2.20%. Moving out to look at the previous month performance, the stock is at 11.03%. For the quarter, performance is at 1.43%. During the past six months, Randgold Resources Limited (NASDAQ:GOLD)’s stock has been 12.35% and 22.83% for the last 12 months.

Investors are constantly attempting to find the next great stock to own. Picking the next winner to bolster the portfolio may involve some hard work and a little bit of stock market magic. Sifting through the wealth of information about public companies can be a daunting task. Many sharp investors will attack the equity markets from many different angles.

This may include keeping close tabs on fundamental and technical data. This may also include tracking analyst opinions and following what the big money institutions are buying or selling.

So, most importantly, where are shares headed from here? In order to get a sense of Wall Street sentiment, we can look to brokerage analyst estimates. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Randgold Resources Limited currently has an average analyst recommendation of 2.20 according to analysts. This is the average number based on the total brokerage firms taken into consideration by Beta Systems Research. The same analysts have a future one-year price target of $105.26 on the shares.