Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6518
    -0.0018 (-0.27%)
     
  • OIL

    83.09
    +1.74 (+2.14%)
     
  • GOLD

    2,239.50
    +26.80 (+1.21%)
     
  • Bitcoin AUD

    108,118.63
    +2,712.64 (+2.57%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6041
    +0.0010 (+0.17%)
     
  • AUD/NZD

    1.0906
    +0.0027 (+0.24%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,267.93
    -12.91 (-0.07%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,803.13
    +43.05 (+0.11%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     

Will Shoe Carnival Continue to Surge Higher?

As of late, it has definitely been a great time to be an investor Shoe Carnival, Inc. SCVL. The stock has moved higher by 0.4% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider SCVL’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; asSCVL has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

5 Stock5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

ADVERTISEMENT

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Shoe Carnival, Inc. (SCVL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research