KLA-Tencor Corporati
KLAC
Delayed Nasdaq - 11/17 10:00:08 pm
101.65USD
-2.98%

Volatility should make a big comeback

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Anas Lozach
 

Strategy published on : 05/19/2017 | 14:53

long trade
Target price hit

Entry price : 101.36$
Target : 105$
Stop-loss : 98.1$
Potential : 3.59%

After several weeks of range-bound movement, shares in KLA-Tencor Corp could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility.
Summary

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

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● The group usually releases upbeat results with huge surprise rates.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the past twelve months, EPS forecast has been revised upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The stock is in a well-established, long-term rising trend above the technical support level at 82.27 USD


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 100.94.

● The stock is close to a major daily resistance at USD 103.59, which should be gotten rid of so as to gain new appreciation potential.

● The company's "enterprise value to sales" ratio is among the highest in the world.

Zonebourse.com 2017
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