Where Will Movado Group Inc (MOV) Stock Go Next After It Has Risen 2.05% 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MOV Stock Today?

Movado Group Inc (MOV) stock is trading at $27.40 as of 1:33 PM on Wednesday, Mar 27, an increase of $0.69, or 2.58% from the previous closing price of $26.71. The stock has traded between $26.98 and $27.76 so far today. Volume today is below average. So far 115,049 shares have traded compared to average volume of 268,429 shares.

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. It generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives the majority of revenue from its international location. Click Here to get the full Stock Report for Movado Group Inc stock.