BowFlex Inc. : Still trading within a bullish trend
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$17.82 | $0 | $16.6 | -100% |
The company characterizes by great growth and strong profitability. Upward revisions have been made on EPS and earnings in a two-year horizon. Sales for the ongoing fiscal year should advance by around 30%.
From a technical viewpoint, Nautilus' shares remain close to an important support area (USD 17.6). The latter brings an additional argument for a bullish rebound of prices, especially since the equity still having sound fundamentals. The fall registered on recent sessions represents a key entry point with a target at USD 21.
According to upstanding financials and technical elements, long positions could be opened in Nautilus. close to short-term support at USD 17.6. The scope of this configuration will be set at USD 21.05, thus providing a great potential of growth. However, the stop loss could be placed under the purchase level, below the USD 16.7.