Looking For a Catalyst: Updates on Banco de Chile (NYSE:BCH) and Waters Corporation (NYSE:WAT)

Dedicated investors are constantly on the lookout for a bargain when it comes to stock picking. As of late, investors have been taking notice of Banco de Chile (NYSE:BCH) shares. During recent trading, shares saw a move of -0.35% hitting a price of $102.71.

Most investors are likely looking for that next stock that is ready to take off running. Maybe the focus is on finding a stock that has recently taken a turn for the worse for no real apparent reason. As we all know, as quickly as a stock can drop in price, it can bounce back just as fast. Although the popular stocks that receive a high level of media coverage tend to recover quicker after a sell-off, there may be plenty of under the radar stocks that are ripe for buying. Scoping out these potential market gems may help repair a portfolio that has taken a hit for any number of reasons.

The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Over the past week, Banco de Chile (NYSE:BCH) has performed 1.76%. For the past month, shares are 21.82%. Over the last quarter, shares have performed 9.09%. Looking back further, Banco de Chile stock has been 22.99% over the last six months, and 6.40% since the start of the calendar year. For the past full year, shares are 47.84%.

There is rarely any substitute for diligent research, especially when it pertains to the equity markets. No matter what strategy an investor employs, keeping abreast of current market happenings is of the utmost importance. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. Recently, shares of Banco de Chile (NYSE:BCH) have been seen trading 22.54% away from the 200-day moving average and 13.77% off the 50-day moving average. The stock is currently trading -0.51% away from the 52-week high and separated 51.76% from the 52-week low. Banco de Chile’s RSI is presently sitting at 67.73.

Recommendations

Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 2.61% and month of 2.69%.  So are analysts giving the Buy signal at this juncture?  Sell-side firms currently have a consensus recommendation of 2.90 on the shares.  This is based on a 1 to 5 formula where 1 indicates a Strong Buy and 5 a Strong Sell. Analysts are projecting the stock to trade at 96.73 within the next 12-18 months. 

Savvy investors are constantly on the lookout when it comes to picking stocks at bargain prices. As of late, investors have been taking notice of Waters Corporation (NYSE:WAT) shares. During recent trading, shares saw a move of 0.97% hitting a price of $209.75.

Most investors are likely looking for that next stock that is ready to take off running. Maybe the focus is on finding a stock that has recently taken a turn for the worse for no real apparent reason. As we all know, as quickly as a stock can drop in price, it can bounce back just as fast.

Although the popular stocks that receive a high level of media coverage tend to recover quicker after a sell-off, there may be plenty of under the radar stocks that are ripe for buying. Scoping out these potential market gems may help repair a portfolio that has taken a hit for any number of reasons.

The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Over the past week, Waters Corporation (NYSE:WAT) has performed 3.72%. For the past month, shares are 6.20%. Over the last quarter, shares have performed 12.89%. Looking back further, Waters Corporation stock has been 14.37% over the last six months, and 8.57% since the start of the calendar year. For the past full year, shares are 51.61%.

There is rarely any substitute for diligent research, especially when it pertains to the equity markets. No matter what strategy an investor employs, keeping abreast of current market happenings is of the utmost importance. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. Recently, shares of Waters Corporation (NYSE:WAT) have been seen trading 14.53% away from the 200-day moving average and 6.28% off the 50-day moving average. The stock is currently trading -0.16% away from the 52-week high and separated 52.48% from the 52-week low. Waters Corporation’s RSI is presently sitting at 72.05.