Allied World Assurance Company Hldgs Ltd : The bullish trend continues
By Arnaud Le Berre
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$91.47 | $0 | $88.05 | -100% |
The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term.
Technically, the security shows a bullish configuration on all time scales. Prices are coming back on the 50 and 20-day moving average, which should help the security to reach its mid-term resistance.
Thanks to these good indicators, it seems relevant to take a long position in Allied World Assurance at the current price. The target price is the USD 94.85 resistance. A stop loss will be set below the USD 88.75 pivot point to avoid a reversal.