The decline over the past weeks has brought the price of Hubbell Incorporated shares back to an important technical support level at 103.97 USD. This represents an opportunity to take advantage of these prices levels. Investors have an opportunity to buy the stock and target the $ 116.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
The share is getting closer to its long-term support in weekly data, at USD 103.97, which offers good timing for buyers.
The close medium term support offers good timing for purchasing the stock.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The underlying tendency is negative on the weekly chart below the resistance at 119.65 USD
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