easyJet plc : Still a great upward potential
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 580 | GBX 0 | GBX 569 | -100% |
The company’s fundamentals are still strong. Sales are up + 12.3% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at GBp 0.5673.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
Thanks to these good indicators, it seems relevant to take a long position in easyJet at the current price. The target price is situated on the GBp 620. A stop loss will be fixed under the GBp 572.5 because a breakdown of this level would damage technical pattern.