Should You Buy Movado Group, Inc (MOV) Stock After it Is Higher By 7.60% in a Week?

The market has been high on Movado Group, Inc (MOV) stock recently. MOV gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Movado Group, Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MOV!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With MOV Stock Today?

Movado Group, Inc (MOV) stock is trading at $40.49 as of 1:08 PM on Thursday, Mar 31, a drop of -$0.57, or -1.39% from the previous closing price of $41.06. The stock has traded between $39.77 and $40.87 so far today. Volume today is low. So far 82,129 shares have traded compared to average volume of 182,760 shares. To screen for more stocks like Movado Group, Inc click here.

More About Movado Group, Inc

Movado Group Inc designs develop, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. The company generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives majority revenue from the International location. Click Here to get the full Stock Report for Movado Group, Inc stock.