Jacobs Solutions Inc. : Doji in weekly data
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$42.9 | $0 | $40.4 | -100% |
The company recorded a full year 2011 revenues above $10 380 million, up 4.5% and diluted earnings per share of $2.60 up 32%. More then 75% of its turnover is registered in North America, with 60% only in the United States. The 2012 turnover is estimated above $11.250 million according to Thomson Reuters’ data. The company currently trades at 14x Thomson Reuters’ 2012 earnings per share estimate.
Jacobs Engineering stock during last year underperformed the S&P 500. Since early of the year the share gained nearly 6.5% ; the bullish movement was cut after a correction set up during the past weeks. This correction led the stock close to long-term support of USD 41.5 and in weekly data on the 100 periods moving average. This level could lead a rebound and might push the stock towards a long-term resistance of USD 47.6. We suggest a stop loss below USD 41.5