Luxoft Holding Inc : Benefit from the uptrend
Entry price | Target | Stop-loss | Potential |
---|
$54.87 |
$0 |
$52.2 |
-100% |
---|
The upward movement of Luxoft Holding is not over.
Fundamentals show great growth potential on Luxoft Holding joined to a sound financial situation. Sales forecasts are encouraging as suggested by the Thomson-Reuters consensus. Moreover, analysts covering the stock keep revising upward their estimates regarding EPS and sales.
Graphically, the stock evolves in a bullish trend on all time scales, prices are up for several weeks. The stock has recently crossed the USD 53.4 pivot point, it should therefore rally to test a new high. Moving averages positively oriented strengthen the probability of this bullish scenario.
Therefore, long positions can be opened on the security. The target price will be set at USD 58.7 and a stop loss can be placed under the USD 53.4 pivot point.
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