MATCH GROUP, INC.
From a fundamental viewpoint, the EPS revisions are stable. According to the Thomson Reuters consensus, the average target price is fixed at USD 60.1 which represents a potential of 42% compared to the current share price.
IAC/InterActiveCorp is oversold and near to USD 42.2 support line. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 45.2 resistance.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy IAC/InterActiveCorp in a good timing. The potential gain is 6.5%. Investors might placed a stop loss order at USD 40.9 in order to avoid important losses.
Match Group, Inc. : Perfect timing to aim a technical rebound
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| Entry price | Target | Stop-loss | Potential |
|---|---|---|---|
| $42.38 | $0 | $40.7 | -100% |
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