CDW Corporation : Still a great upward potential
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$40.05 | $0 | $38.8 | -100% |
The economic and financial situation of the company is still strong. Estimated sales and EPS from Thomson Reuters consensus are encouraging.
Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions after the breakout of the USD 39.75. The 20-day moving average should help to reach the USD 42.6 mid-term resistance.
According to both technical and fundamental elements, it seems opportune to open a long position at current prices. The bullish trend should allow the security to reach the USD 42.65 resistance. If the stock crosses it, a new target price will be set at USD 44. A stop loss will be placed under the USD 39.75 pivot point.