The market has been high on StoneMor Partners L.P. (STON) stock recently. STON gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
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 STON Stock Today?
StoneMor Partners L.P. (STON) stock is trading at $1.15 as of 1:52 PM on Friday, Nov 20, an increase of $0.13, or 12.75% from the previous closing price of $1.02. Volume today is high. So far 10,582,433 shares have traded compared to average volume of 67,691 shares. The stock has traded between $1.01 and $1.20 so far today.
To see InvestorsObserver's Sentiment Score for StoneMor Partners L.P. click here.
More About StoneMor Partners L.P.
StoneMor Inc owns and operates the cemeteries and funeral homes in the United States. The company sells cemetery products and services both at the time of death, which it refers to as at-need and prior to the time of death, which it refers to as pre-need. Its two divisions are cemetery operations and funeral homes, the former accounting for the majority of revenues.
Click Here to get the full Stock Score Report on StoneMor Partners L.P. (STON) Stock.
