Gartner : Running out of steam as opportunity
February 21, 2013 at 07:54 pm IST
By
Entry price | Target | Stop-loss | Potential |
---|
$48.86 |
$0 |
$46.9 |
-100% |
---|
Gartner could regain its upward trend after having run out of steam.
From a fundamental viewpoint, the security has many qualities. According to Thomson Reuters, sales are expected to increase by almost 40% by 2015, and the net margin by 70%.
Graphically, buyer flows are reduced. But prices have just bounced on the USD 48.5 short term support and are supported by the 50-day moving average. In weekly data, the configuration is bullish as shown by increasing moving averages. In consequence, the stock could comeback to the USD 52.8 resistance.
Investors could take a buy order at the current price. The objective will be set at the USD 52.8 resistance. A stop loss must be placed below the USD 48.5 short term support, threshold which would invalidate this strategy.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.