International Rectifier Corporation : In an upward trend
Entry price | Target | Stop-loss | Potential |
---|
$25.05 |
$28.05 |
$24.78 |
+11.98% |
---|
International Rectifier is still well oriented and is going to new highs.
From a fundamental viewpoint, despite a high valuation, the group is attractive with an important treasury, sign of a healthy situation.
For several months, the stock has initiated a sharp bullish trend. The move could be continued and should help the stock to cross the USD 25.5 resistance, supported by the 20-day moving average.
Taking into account all these elements, investors could buy the stock above the USD 25.5 resistance. The target price is set around the USD 28.05, corresponding to an important level of 2011. A stop loss will be fixed below the entry point, threshold that would invalidate the 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.