Indivior PLC : The bullish trend is not over
By Sébastien Gatel
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 270.3 | GBX 337.9 | GBX 258 | +25.01% |
The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have been revised largely upward their EPS estimates. The last EPS was at GBp 0.22.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above this level. This trend should allow the stock to reach its GBp 337.9 long term resistance, which will be the main target price.
In consequence, investors can take a long position in Indivior with a goal at GBp 337.9. This level is the long term resistance. A stop loss will be set under the short term support at GBp 258.