Cinemark Holdings, Inc. : Continuation of the bullish trend
January 24, 2013 at 07:56 pm IST
By
Entry price | Target | Stop-loss | Potential |
---|
US$27.76 |
US$0 |
US$24.52 |
-100% |
---|
The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging.
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 31 long term resistance.
In consequence, investors can take a long position in Cinemark with a first target price at USD 31. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the short term support at USD 26.25.
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