Should You Sell Block Inc (SQ) Stock Friday Morning?

glimmero
2022-08-29

Block Inc (SQ) is down Friday morning, with the stock declining -2.32% in pre-market trading to 72.9. SQ's short-term technical score of 30 indicates that the stock has traded less bullishly over the last month than 70% of stocks on the market. In the Software - Infrastructure industry, which ranks 117 out of 146 industries, the stock ranks higher than 41% of stocks. Block Inc has risen 12.41% over the past month, closing at $76.06 on July 29. During this period of time, the stock fell as low as $70.94 and as high as $93.19. SQ has an average analyst recommendation of Strong Buy. The company has an average price target of $148.47.

Block Inc has a Long-Term Technical rank of 17. This means that trading over the last 200 trading days has placed the company in the lower half of stocks with 83% of the market scoring higher. In the Software - Infrastructure industry which is number 109 by this metric, SQ ranks better than 109% of stocks.$Block(SQ)$

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