Inmarsat plc : Price acceleration in sight
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 1,034 | GBX 0 | GBX 995 | -100% |
The fundamental analysis shows that the company has a strong profitability and analysts are revising upward their forecast on the EPS.
On a technical point of view, Inmarsat is in an uptrend in the medium and long term, although, the last bearish movement has throw it back near a major support level. This threshold, if preserved, will enable the equity to take advantage of the bullish movement.
In presence of this pattern, a rebound seems to happen in the GBp 1023 area. Investors could open a long position on this level in order to profit of an interesting entry point for a stop below the medium term support. The target will be at first the GBp 1148.