Booz Allen Hamilton Holding Corporation : We could expect a rebound
February 05, 2013 at 09:08 pm IST
By
Entry price | Target | Stop-loss | Potential |
---|
US$13.36 |
US$0 |
US$12.85 |
-100% |
---|
The USD 13.3 support area, currently tested, might facilitate a technical rebound.
From a fundamental viewpoint, the company seems undervalued relatively to its peers with a EV/Sales of 0.48. With an EPS estimated at USD 1.43 for this year and USD 1.46 for the next year, Booz Allen Hamilton Holding Corporation is currently paid 9.35 and 9.18 times the results.
Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the USD 13.3 area should stop this trend and allow a technical rebound towards USD 14.3. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.
Investors could take a long position near USD 13.3 to target USD 14.3 and USD 15.2. A stop loss will be set at USD 12.85.
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