CDW Corporation : Still a great upward potential
Entry price | Target | Stop-loss | Potential |
---|
$40.05 |
$0 |
$38.8 |
-100% |
---|
CDW Corp could reach its USD 42.6 resistance after the breakout of the old resistance at USD 39.7.
The economic and financial situation of the company is still strong. Estimated sales and EPS from Thomson Reuters consensus are encouraging.
Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions after the breakout of the USD 39.75. The 20-day moving average should help to reach the USD 42.6 mid-term resistance.
According to both technical and fundamental elements, it seems opportune to open a long position at current prices. The bullish trend should allow the security to reach the USD 42.65 resistance. If the stock crosses it, a new target price will be set at USD 44. A stop loss will be placed under the USD 39.75 pivot point.
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