Mettler-Toledo International (MTD) - Overbought - views

Mettler-Toledo International has hit a technical signal on 3 different technical indicators. MTD is in the Capital Goods sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $183.86 on Feb 3.

There are currently 13 analysts covering the company. Of these analysts, 7 have a buy recommendation. The current consensus estimate for quarterly earnings among the 13 analysts covering the stock is $2.79 per share. Last quarter the company earned $1.92 per share. The consensus estimate for this years earnings is $8.13 per share as compared to the next years' expectation, of $9.29 per share. The consensus estimate for next years earnings is $9.29 per share, which represents forecast growth of 14.3%.

Over the last 52 weeks, the stock has been trading between $126.10 and $192.58. More recently in the last 4 weeks, the stock has been trading between $150.23 and $185.28. Yesterday the stock traded between $181.35 and $185.28. The stock currently has a PE ratio of 19.4.

Mettler-Toledo International is trading 7.8% from its 20-day simple moving average (SMA) of $170.55 and 15.4% from its 50-day SMA and 17.00% from its 200-day SMA. Average daily volume over the last 30 days has been 148,451 shares.

At yesterdays close: the RSI was at 81.2, the CCI was at 137.7 and the Fast Stochastic was at 93.1. MTD closed yesterday at $183.86, on volume of 224,937 shares as compared to an average volume of 148,451 over the last 4 weeks.

Mettler-Toledo International Inc. engages in the research, development, manufacture, and marketing of precision instruments and software primarily in Europe, North and South America, and Asia. The company offers weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science applications; reaction engineering and real-time analytic systems for use in drug and chemical compound development; and process analytics instruments for in-line measurement applications. Its laboratory solutions include laboratory balances, pipettes, titrators, thermal analysis systems, pH meters, density and refractometry instruments, moisture analyzers, laboratory software, automated chemistry solutions, and process analytic instruments. The company's industrial solutions include industrial weighing instruments, industrial terminals, automatic identification and data capture solutions, vehicle scale systems, industrial software, and product inspection systems. Its retail solutions include multiple weighing and food labeling solutions consisting of stand-alone scales, networked scales, and software for handling fresh goods, such as meats, vegetables, fruits, and cheeses. The company's customers include the life science industry covering pharmaceutical and biotechnology companies, and independent research organizations; food and beverage producers; food retailers, including supermarkets and hypermarkets; chemical, specialty chemical, and cosmetics companies; transportation and logistics, metals, and electronics industries; and the academic community. The company markets its products through its direct sales forces, as well as through indirect distribution channels. Mettler-Toledo International Inc. was founded in 1991 and is based in Columbus, Ohio.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.