EUROMONEY INST INV : The bullish trend is not over
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,220 |
GBX 1,260 |
GBX 1,159 |
+3.28% |
---|
Euromoney Institutional Investor is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
The company’s fundamentals are still strong. Sales are expected to be up +3% for this year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
From a technical viewpoint, the security is trading in a bullish trend in the long-term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the GBp 1261 long term resistance.
In consequence, investors can open a long position in Euromoney Institutional Investor near the GBp 1185 support with a first target price at GBp 1261. This level is the long term resistance. A stop loss will be set under the GBp 1185 short term support.
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