Constant Contact Inc : An appropriate purchase level
Entry price | Target | Stop-loss | Potential |
---|
$27.97 |
$0 |
$26.2 |
-100% |
---|
Constant Contact shows relatively good fundamentals and is coming back to attractive prices after an important "gap".
From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show. Revisions of future benefits of the company show no sign of weakness.
Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at USD 27.5, shows. Nevertheless, the stock seems in an oversold situation, near to its USD 27.18 support in daily data, which became a stepping stone after an important "gap".
This level might stop the bearish trend in the short term.
In consequence, we could buy the stock in the current area in order to reach the USD 32.3 resistance. The stop-loss should be placed at USD 26.2.
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