AZZ Inc. : Rebound on USD 40.95
April 19, 2013 at 07:02 pm IST
By
Entry price | Target | Stop-loss | Potential |
---|
$41.49 |
$0 |
$39.78 |
-100% |
---|
The upward trend could come to support AZZ Incorporated in the coming sessions.
From a fundamental viewpoint, the security has many qualities. According to analysts polled by Thomson Reuters, EPS previsions have been widely revised upwards. The Thomson Reuters consensus set an average target price at USD 54.
AZZ Incorporated is in an uptrend in the medium and long term, but the last bearish movement brought back prices close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy AZZ Incorporated. The objectives will be set at USD 45.4 and by extension USD 48.25. The stop loss will be triggered below the USD 40.95 support.
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