The risk of a reversal
|Contributor / Partner|
Strategy published on : 12/04/2017 | 16:21
Entry price : 1154.75$
Target : 945$
Stop-loss : 1202$
Potential : 18.16%
● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
● The company is in a robust financial situation considering its net cash and margin position.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 982.91 USD
● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● Technically, the stock approaches a strong medium-term resistance at USD 1195.83.
● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
● With an expected P/E ratio at 273.24 and 142.87 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
● For the past year, analysts have significantly revised downwards their profit estimates.