AOL, Inc. : Benefit from the uptrend
October 02, 2012 at 07:18 pm IST
By
Entry price | Target | Stop-loss | Potential |
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$0 |
$0 |
$33.4 |
+-NaN% |
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AOL company is trading in a bullish trend and several arguments argue for the continuation of this trend.
Technical patterns are in the green: prices are up for several months. The reversal should continue in the coming trading sessions. The 20-day moving average should help to reach the USD 44.5 mid-term resistance.
The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised greatly upward their EPS estimates. The last EPS was at USD 0.12.
According to both technical and fundamental elements, it seems opportune to take a long position above the USD 35.5. The bullish trend should allow the security to reach the USD 44.5 resistance. A stop loss will be placed under the USD 33.8 short term support to avoid a downtrend.
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