Jabil Inc. : An appropriate purchase level
Entry price | Target | Stop-loss | Potential |
---|
$20.07 |
$0 |
$19.6 |
-100% |
---|
In the past few sessions, Jabil Circuit shares have suffered from a sharp fall and is now coming back to significant support level .
According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy.
Jabil Circuit is oversold and near to USD 19.9. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 19.9 resistance.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Jabil Circuit in a good timing. The potential gain is around 10% to reach the USD 21.28 level. Investors might place a stop loss order at USD 19.6 in order to avoid important losses.
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