Towards the breakout of a major resistance level
|Contributor / Partner|
Strategy published on : 09/13/2017 | 15:30
Entry price : 40.55$
Target : 43.95$
Stop-loss : 38.7$
Potential : 8.38%
● 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.
● The group usually releases upbeat results with huge surprise rates.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● The stock is in a well-established, long-term rising trend above the technical support level at 36.35 USD
● The group shows a rather high level of debt in proportion to its EBITDA.