TUI Travel Ltd : Uptrend confirmed
February 19, 2013 at 04:05 am EST
By
Entry price | Target | Stop-loss | Potential |
---|
GBX 316.6 |
GBX 0 |
GBX 289 |
-100% |
---|
The GBp 363 resistance is in line of sight.
The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the GBp 293.8 short term support. This trend should allow the stock to reach its GBp 363.66 long term resistance, which will be the main target price.
In consequence, investors can take a long position in TUI Travel with a goal at GBp 363. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of a breakout of this resistance. A stop loss will be fixed under the short term support at GBp 293.8.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.