Jabil Inc. : A reversal is anticipated
Entry price | Target | Stop-loss | Potential |
---|
$20.59 |
$0 |
$19.6 |
-100% |
---|
The upward trend could spur Jabil Circuit in coming sessions.
The group enjoys upward revisions in earnings per share and growth prospects. Moreover, the stock shows an attractive valuation of 13.6x in 2015.
Technically, prices evolve in a bullish configuration in the medium and long term. The trend turned neutral in the short term upon contact with the USD 22.3 reisistance that implied a consolidation phase. This movement led the stock on its USD 20.5 mid-term support, threshold that is likely to stimulate a technical rebound.
Therefore, it seems opportune to buy the stock in order to target a return to the USD 22.3 resistance. A stop loss should be placed under the current support.
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