PAREXEL International Corporation : An opportune reversal
Entry price | Target | Stop-loss | Potential |
---|
$64 |
$0 |
$62.7 |
-100% |
---|
The upward trend could spur PAREXEL International Corporation in coming sessions.
The group enjoys upward revisions in earnings per share and growth prospects. Net margins of the company should progress year after year to reach almost 10% in 2017 compared to the 6.6% in 2014.
Following a bullish wave, the stock now shows a strong decline that has led it toward its USD 63.6 midterm support. At this level, a re-boost of buyers would enable an upturn in the medium and long term.
The recent prices decline in the USD 63.6 area represents an interesting level for buyers and hence target at USD 68.7. A stop loss will be fixed below the entry point to limit risks.
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