Convergys Corp : Major support level
Entry price | Target | Stop-loss | Potential |
---|
$17.31 |
$0 |
$16.9 |
-100% |
---|
The stock is back to a significant support level.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.6 times its estimated sales for 2013.
Convergys is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. Prices are back to the USD 17.2 major support level and may bounce in the coming trading session, helped by the 100-day moving average.
Consequently, the most active investors can buy the share in this area and target a return toward USD 18.5. A stop loss can be placed under the USD 17.2 support.
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