PAREXEL International Corporation : We could expect an upward rally
By Bastien Chabasseuil
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$41.29 | $0 | $38.8 | -100% |
According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, analysts are optimistic on the value. They revised upward the EPS for the 2013 and 2014 for more than 15% during the past 12 months. The consensus is also positive on prices and show a potential of 25% on the security with a target price at USD 51.7.
Technically, the security fell sharply for several weeks. This fall has lead PAREXEL International towards the USD 40.9 support area, which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the USD 46.4 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in PAREXEL International.
So as to make the most of a potential technical rebound of PAREXEL International Corporation, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the USD 46.43 resistance, with a potential gain of 12%. Investors should not insist under USD 40.9 and it's better to place a stop loss order under this threshold.