PAREXEL International Corporation : Come back to a significant threshold
Entry price | Target | Stop-loss | Potential |
---|
$58.39 |
$0 |
$56.2 |
-100% |
---|
PAREXEL International might rebound on the significant threshold currently tested.
In 2016, the profitability of PAREXEL International should improve as the net margin growth shows. It should be at 10.5% in 2018 vs 8.14% for the current year and sales are expected to increase. To date, P/E ratio for 2016 is estimated at 19 and at 14.7 for 2017.
Technically, the security is in a consolidation area limited by the significant USD 57.4 support and the USD 69.3 resistance. Above the lower limit, investors could aim a rebound toward the USD 64.45 resistance area at first.
Ideally, investors will open a long trade nearby the USD 57.45 support currently tested, in order to benefit from a technical rebound. The USD 64.45 is the first goal. This strategy should be covered by a stop-loss placed under the USD 57.45 support because a breakdown of this level would invalidate it.
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