WisdomTree, Inc. : Impetus is not over
May 15, 2013 at 10:14 am EDT
By
Entry price | Target | Stop-loss | Potential |
---|
$12.59 |
$0 |
$11.9 |
-100% |
---|
The share pris is going to the USD 13.6 resistance.
Analysts from Thomson Reuters consensus have revised largely upward their EPS and sales estimates.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, the general bullish trend of U.S stock markets and good fundamentals are important elements to explain why this share is going up.
In this context, investors could take a long position at the current price to target the USD 13.6 resistance. A stop loss will be set below the USD 12.5 pivot point.
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