Diplomat Pharmacy, Inc. : Benefit from the proximity of the support
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$27.16 | US$0 | US$25.4 | -100% |
Technically, the security is in a consolidation area limited by the significant USD 24.4 support and the USD 41.9 resistance. Above the lower limit, investors could aim a rebound toward the USD 41.9 resistance area.
Investors can open a long trade above the USD 26.45 area. In first instance, the target price will be the 20-day moving average at USD 30.6. In case of a breakdown of the USD 26.4 support at the closing price, investors should close their trade.