AerCap Holdings N.V. : A double bottom under construction
By Anas Boumedian
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$39.14 | $0 | $35.9 | -100% |
The aircraft leasing company shows solid fundamentals. Valuation levels remain low and the business profitability is expected to hike in the upcoming fiscal year: net income is forecasted at 834 million in 2014 comparing to 295 million in 2013. Analysts consensus targets a 34% potential gain.
Technically, the stock fell sharply recently but seems to start a technical rebound upon contact with the USD 36.68 support. A double bottom figure is under construction, and should allow the stock to rally again.
Most offensive should open a long position on the security to benefit from the bullish potential. The target price will be the USD 41.48 pivot point then the USD 45.2 resistance and a stop loss should be placed under the USD 36.68 support.