Triumph Group, Inc. : Lower limit of a bullish channel
By Camille Chretien
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$78.45 | $0 | $75.8 | -100% |
The group enjoys a sustainable estimated growth rate (6% annually) and the stock is under-valued(P/E ratio of 12.9x compared to 14.45x for the sector).
Triumph Group is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. Prices are evolving within a bullish trading channel which is supporting the security since mid-2012. The stock recently bounce on the lower limit of the latter and is now using the 100-day moving average as a stepping stone. Thus, prices may bounce towards USD 85.
The current area seems to be an opportune entry point to take a long position in order to aim USD 85. A stop loss will be fixed below the USD 77 medium term support.