Boston Properties, Inc. : Downward momentum
Entry price | Target | Stop-loss | Potential |
---|
$103.29 |
$0 |
$105.8 |
+100% |
---|
The trend is clearly bearish on Boston Properties and it could soon reach its USD 98.25 support.
From a fundamental viewpoint, the group is in a bad situation. The financial situation of the company is worrying with an important debt level. Leverage is at 6.37x for the current year. Analysts have recently downgraded their forecasts for earnings per share. This indicator is often a precursor of a declining profitability and a worsening climate of investors' confidence.
Graphically, we can see that the stock is in a bearish trend with decreasing moving averages, which serve as slant resistance. The security is moving towards USD 98.25 in daily data, the next support area.
Investors could take a short position in Boston Properties to target USD 98.25. They will also place a stop loss above the 20-day moving average area, level that would invalidate our bearish strategy.
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