CarGurus' stock has been unsteady lately and is currently around $36.76 per share after improving by 2.11%. Several technical levels are under the microscope as the stock continues to be volatile.
Investing in the stock market offers the potential for big returns. On the flip side, investors can also experience major losses when trading equities. Investors are typically trying their best to maximize returns while limiting losses. Figuring out the best way to do this is no easy proposition. There may be periods where everything seems to be working out, and the returns are rolling in.
There may be other times when nothing seems to be going right, and the losses start to pile up. Nobody can predict with pinpoint certainty which way the market will shift in the future. Preparing the portfolio for multiple scenarios can help the investor stick it out when the waters get choppy. Having a properly diversified stock portfolio may help investors ride out the turbulence when it inevitably takes control of the market.
Sometimes the stock market can be very confusing, even for the most seasoned investors. Even when expectations are met as predicted, the market may decide to move otherwise. This can cause uncertainty and second guessing. Keeping up with historical data as well as short-term and long-term trends may be very helpful. Over the past week, CarGurus, Inc. (:CARG) shares have performed 3.61%. Pushing back over the last quarter, shares are -6.22%. Looking at stock performance for the past six months, shares are 5.75%. Since the start of the calendar year, shares have performed 8.98%.
Let’s take a quick look at some possible support and resistence levels for the stock. According to a recent spotcheck, CarGurus, Inc. have been seen trading -14.15% away from the 50- day high. On the opposite end, shares have been trading 11.80% away from the 50-day low price. Taking a wider perspective, shares have been recently trading -35.79% off the 52-week high and 21.36% away from the 52-week low.
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