Paramount Global : The mid-term trend could accelerate in few sessions
October 12, 2012 at 09:11 am EDT
By
Entry price | Target | Stop-loss | Potential |
---|
$33.83 |
$0 |
$30.61 |
-100% |
---|
CBS Corporation could regain its upward trend after having run out of steam.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of 2.54 USD per share for the current year.
Graphically, buyer flows are reduced. If the trend is now bearish in the short term, profit taking is part of a rebound on the USD 33 and therefore does not affect the upward trend in the medium and long term.
Consequently, we expect a decline toward USD 33. The most active investors can buy the share in this area and target a return toward USD 36.5. A stop loss can be placed under the USD 33 support.
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