BowFlex Inc. : Perfect timing to aim a technical rebound
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$18.06 | $0 | $17.5 | -100% |
In the recent months, the earnings estimates for the next year have been regularly revised upward by analysts.
The technical configuration shows a pullback on the USD 16.8 which has create a technical rebound. In this context, a continuation of the trend is anticipated toward the USD 19 and 21.1 by extension.
In consequence, investors should buy the stock with a target at USD 19 and USD 21. The stop-loss of the trading strategy will be positioned below the USD 17.9 level.