Motorola Solutions, Inc. : The upward movement should continues
By Sébastien Gatel
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$75.97 | $80 | $75.9 | +5.3% |
The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because there are willing to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year near USD 4.13 (against USD 3.02 in 2015) and that let see a great potential for the security on the stock market.
Technically, the security shows a bullish configuration on all time scales after a double bottom pattern between January and February. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to open a long trade above USD 76.5. The bullish trend should allow the security to reach the USD 80 threshold as a goal. Nevertheless, a stop-loss will be placed at the USD 75.3 to avoid a downtrend.