Aggreko : Keen interest
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,454 |
GBX 0 |
GBX 1,395 |
-100% |
---|
Aggreko is approaching important technical levels that might give impetus to a rebound.
Fundamentally, the company enjoys a very good Surperformance rating that underlines its earning quality, its business predictability and its profitability.
In the long an in the mid-term the trend remain neutral. Nevertheless, in the short term the tendency is bearish and could lead the share near the GBp 1438 support (in daily data). This area would be an opportune entry point to aim for a technical rebound.
Consequently, investors should watch for a further decline in the GBp 1438 area to open a long position. A first target would be the GBp 1530 resistance. A stop loss order will be set at GBp 1395.
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