Accenture
ACN
Delayed Nyse - 11/17 09:43:01 pm
145.18USD
-1.27%

The underlying trend is to the upside

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Anas Lozach
 

Strategy published on : 11/09/2017 | 15:18

long trade
Live

Entry price : 144.57$
Target : 152$
Stop-loss : 141.3$
Potential : 5.14%

Accenture shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The company returns high margins, thereby supporting business profitability.

● The company is in a robust financial situation considering its net cash and margin position.

● Historically, the company has been releasing figures that are above expectations.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The stock is in a well-established, long-term rising trend above the technical support level at 128.4 USD


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 148.55.

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