Strategy published on : 04/12/2018 | 14:26
long tradeTarget price hit
Entry price : 116.91$
Target : 127$
Stop-loss : 111.2$
Potential : 8.63%
After several weeks of range-bound movement, shares in ICON PLC could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility.
Investors have an opportunity to buy the stock and target the $ 127.
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.
● The group's activity appears highly profitable thanks to its outperforming net margins.
● 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.
● Stock prices approach a strong long-term resistance in weekly data at USD 123.05.