Constant Contact Inc : The mid-term trend could support prices
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$26.66 | $0 | $24.9 | -100% |
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.