Huron Consulting (HURN): Business Optimization Drives The Stock Huron Consulting Group Inc. (HURN) is a global consulting firm that helps businesses, healthcare organizations, and educational institutions improve performance, drive innovation, and navigate complex challenges. The company specializes in strategy, technology, and financial advisory services, providing solutions that optimize operations and fuel long-term growth. As digital transformation and operational efficiency remain top priorities, Huron continues to expand its offerings and strengthen its market presence.
The stock chart recently displayed a confirmation bar with rising volume, pushing the price into the momentum zone, which occurs when it moves above the 0.236 Fibonacci level. This signals strong investor confidence and suggests the potential for continued upside as buying interest strengthens.
Using a trailing stop helps traders secure profits while managing risk. By setting stops based on Fibonacci levels, traders can stay in the trade as long as the stock trends higher while protecting gains if momentum slows. This approach prevents early exits while ensuring profits are locked in if the stock reverses.
HURN trade ideas
The bull needs its’ $HURN Huron Consulting Group Inc. (NASDAQ: HURN)
Key Stats:
• Market Cap: Approximately $2.25 billion
• P/E Ratio: 27.74
• Next Earnings Date: March 4, 2025
Technical Reasons for Bullish Outlook:
1. Upward Trend: HURN is trading near its 52-week high of $131.06, indicating strong upward momentum.
2. Positive Moving Averages: The stock’s 50-day moving average is $107.9, and the 200-day moving average is $101, suggesting a bullish trend.
3. Strong Technical Rating: HURN has a technical rating of 8 out of 10, reflecting a solid technical setup.
Fundamental Reasons for Bullish Outlook:
1. Revenue Growth: Huron reported a 20.27% increase in revenue, reaching $1.36 billion in 2023, indicating strong business performance.
2. Analyst Confidence: Analysts have given HURN a “Strong Buy” rating, with a 12-month price target of $133, suggesting confidence in the company’s future prospects.
3. Industry Position: As a leader in the consulting services industry, Huron’s diversified offerings position it well for continued growth.
Potential Paths to Profit:
1. Option 1: Buy Shares (Lowest Risk): Purchase shares of HURN at the current market price of $127.03 and hold until the target price of $136 is reached by March 6, 2025, aiming for a 7% gain.
2. Option 2: Buy LEAP Options: Acquire long-term equity anticipation securities (LEAPS) with OTM strike price, expiring in 6-12months. Sell when the stock approaches the target price, allowing for leveraged gains.
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HURN: Superstock with Great FundamentalsFundamentals :
Exploding earnings, accelerating sales, A+ quality funds are invested and good earnings stability. Its strength relative to the S&P500 is great.
Earnings are coming out November 2, 2023. Going forward, I believe that the trend in earnings will continue.
Technicals :
Weekly u3v volume with a doji candle or hammer candle
Daily deeper pullback squeeze
Daily uHd
Daily bottom indicator extremes
Morning Star candle pattern
Daily d1a volume bottoming candle (October 24, 2023)
Daily uH3 volume candle (October 26, 2023)
a-b-c equal legs completion
Can HURN buck the downward trend and make a come back?HURN is coming off a fresh 52 week low area and it made a $1.50 move on Friday on the back of a recent analyst upgrade if that amounts to anything as I don't find analyst upgrades or downgrades useful but it tends move the price.
$40 seems to be a good support and we want to wait for price to form a solid base here if this stock were to make a comeback and take on a position. HURN has a very low short interest (< 3%).
Source: blog.buysellshortcover.com