MasTec, Inc. : Support and bullish trend
Entry price | Target | Stop-loss | Potential |
---|
US$30.96 |
US$0 |
US$29.26 |
-100% |
---|
The upward trend could come to support MasTec in the coming sessions.
The group enjoys upward revisions in earnings per share for 2014 and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow by more than 10% for the current year. Net income is also expected to increase by 40% at the end of the fiscal year.
Graphically, buyer flows are reduced. If the trend is now bearish in the short term, the support of USD 30.1 and the bullish trend-line should stop the selling movement.
Consequently, we expect a rebound in the nearest of USD 30.1. The most active investors can buy the share in this area and target a return toward USD 33. A stop loss can be placed under the USD 30.1 support.
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