Constant Contact Inc : The mid-term trend could support prices
Entry price | Target | Stop-loss | Potential |
---|
$26.66 |
$0 |
$24.9 |
-100% |
---|
The upward trend could come to support Constant Contact in the coming sessions.
The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow for the fiscal year at USD 285.38 M against USD 252.15 M for the previous year.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline has lead the share to the USD 25.25 support. A technical rebound will fix an objective near the USD 28.75 short-term resistance.
A rebound is forming on the USD 25.25 area. It could be a basis for a purchase to target USD 28.75. A stop loss will be fixed below the entry point to limit the risk.
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