Wolverine World Wide, Inc. : Close to a key point
By Bastien Chabasseuil
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$28.41 | $29.5 | $26.8 | +3.84% |
From a fundamental viewpoint, the security has a good rating "surperformance". By the year 2015, the consensus expects that the profitability could increase significantly. Indeed, net margin should be at 6.46% in 2015 against 4.51% for the current year.
From a technical viewpoint, the trend is neutral in the short term. The latest downtrend pushed the security close to an important levels at USD 27.7 (in the long and mid-term). This support, could stop the bearish trend of these last days.
As a result, active investors can take a long position in Wolverine World Wide close to the USD 27.7 support area. The target price is USD 29.5 and in case of breakout of this level, the second target price would be USD 31.1. If there is a breakdown of the USD 27.7 support, investors should close their positions.