Oshkosh Corporation : Still a great upward potential
By Sandra Pinturault
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$50.02 | $55.9 | $49.1 | +11.76% |
The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.6 by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, 20-day moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to take a long position above the USD 50.5 resistance. The bullish trend should allow the security to reach the USD 55.9 pivot point. A stop loss will be placed under the entry point to avoid a downtrend.