Vista Outdoor Inc. : In an upward trend
Entry price | Target | Stop-loss | Potential |
---|
$50.76 |
$52.85 |
$49.6 |
+4.13% |
---|
Vista Outdoor Inc is still well oriented and is going to new highs.
The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue. The profitability of the company's business remains good. The high levels of valuation show the interest of investors for this security.
Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the daily moving averages. The security is going toward USD 52.85 and would give a strong buying signal if the crossing is confirmed in daily data.
Market participants could buy this stock with an initial target of USD 58.2. If investors reduce long-side exposure for profit-taking, a bearish trend would happen below USD 50 and so this strategy would be invalidated.
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