CoStar Group, Inc. : In an upward trend
By Sandra Pinturault
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$177.06 | $190 | $177.5 | +7.31% |
From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by + 25% on the current year.
Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20 and 50-period, in daily data, and enclose the stock in an upward trend.
Investors could take a buying position once prices will be above the USD 181.3 resistance to target the USD 190 bullish trend line and by extension the USD 200. A stop loss will be positioned under the entry point.