Pebblebrook Hotel Trust : Severely penalized
Entry price | Target | Stop-loss | Potential |
---|
$41.81 |
$0 |
$39.8 |
-100% |
---|
The USD 41.35 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.
The company enjoy a good Surperformance rating that underline the revenue growth, the business predictability and the EPS revision. The current valuation shows a +20% potential to reach the consensus average target price.
The share has been in a long bullish run as well oriented weekly data moving average underline. Nevertheless, over the last weeks horizontal fluctuations occurred within the range USD 49.2/42. The stock is now back on its lower trend line in its USD 41.35 support area. This zone could be the stepping stone for an upcoming surge.
Consequently, investors may open a long position at current prices and target a reversal toward the USD 45.7 resistance. A stop loss order should be set at USD 39.8.
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