The technical support around 1846.23 USD emanating from daily closing prices could trigger a technical rebound for Booking Holdings Inc. shares. Investors have an opportunity to buy the stock and target the $ 1970.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
The share is getting closer to its long-term support in weekly data, at USD 1846.08, which offers good timing for buyers.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
The company is in a robust financial situation considering its net cash and margin position.
The group usually releases upbeat results with huge surprise rates.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
The stock is in a well-established, long-term rising trend above the technical support level at 1846.08 USD
Based on current prices, the company has particularly high valuation levels.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
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