Equifax could regain its upward trend after having run out of steam.
The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow by 7% for the fiscal year at 2.3 billion dollars compared to 2.16 billion dollars for the previous year.
Equifax is in an uptrend in the medium and long term. However, the last bearish movement returns close to the USD 59.1 major support level. The latter corresponds to a bullish trend line and the 100-day moving average. This threshold, if preserved, will enable to enjoy the bullish movement.
In this configuration, investors could take a buy order on this level and get a good entry point to aim USD 63.8. A stop loss must be placed below the USD 59.1 support.
Equifax Inc. specializes in supplying information services to individuals and businesses. The group develops solutions for collecting, processing, and managing information to be used in decision-making optimization.
Equifax Inc. offers recording and analysis tools used to evaluate and interpret information about consumers and companies (credit information, demographic, declarative, and behavioral information, etc.) and for making better decisions with regard to credit risk management, fraud prevention, etc.
Net sales are distributed geographically as follows: the United States (76.7%), Australia (6%), the United Kingdom (5.1%), Canada (4.9%) and other (7.3%).