LifePoint Health Inc : Running out of steam as opportunity
Entry price | Target | Stop-loss | Potential |
---|
$48.1 |
$0 |
$45.32 |
-100% |
---|
LifePoint Hospitals could regain its upward trend after having run out of steam.
After few months of downward revisions in earnings per share estimates, the latter finally stabilized and are now slightly increasing. Furthermore, the company is under-valued with an EV/Sales ratio of 1.04x compared to 1.66x for the sector.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline led the share to the USD 47.3 support, corresponding to the 100-day moving average. Therefore, a technical rebound will fix an objective near the USD 50.5 short-term resistance.
Investor should watch the security close to USD 47.3 to take advantage of a new upward acceleration in the direction of USD 50.5, then USD 53. A stop loss is placed under USD 47.3.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.