Momo Inc (ADR)
MOMO
Delayed Nasdaq - 10/19 10:00:00 pm
32.81USD
-3.44%

A support level that should be taken advantage of

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Anas Lozach
 

Strategy published on : 10/11/2017 | 14:27

long trade
Live

Entry price : 32.03$
Target : 38$
Stop-loss : 28.9$
Potential : 18.64%

The technical support around 31.34 USD emanating from daily closing prices could trigger a technical rebound for Momo Inc (ADR) shares.
Summary

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


Strengths

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 27 USD in weekly data.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● The prospective high growth for the next fiscal years is among the main assets of the company

● 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.

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

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

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

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

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The tendency within the weekly time frame is positive above the technical support level at 27 USD


Weaknesses

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

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