BowFlex Inc. : Perfect timing to aim a technical rebound
Entry price | Target | Stop-loss | Potential |
---|
$18.06 |
$0 |
$17.5 |
-100% |
---|
Nautilus shows relatively strong fundamentals and is coming back to attractive prices.
In the recent months, the earnings estimates for the next year have been regularly revised upward by analysts.
The technical configuration shows a pullback on the USD 16.8 which has create a technical rebound. In this context, a continuation of the trend is anticipated toward the USD 19 and 21.1 by extension.
In consequence, investors should buy the stock with a target at USD 19 and USD 21. The stop-loss of the trading strategy will be positioned below the USD 17.9 level.
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