Rayonier Inc. : Bullish reaction expected
June 07, 2013 at 06:57 pm IST
By
Entry price | Target | Stop-loss | Potential |
---|
$55.09 |
$0 |
$53.4 |
-100% |
---|
The group enjoys upward revisions in earnings per share and growth prospects. Besides, analysts polled by Thomson Reuters have set an average target price at USD 58.9 which represent a potential of 7% compared to the current price.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline led the share to the USD 54.2 support. Therefore, a technical rebound will set an objective near the 20-day moving average at USD 58.
The USD 54.15 area could be a basis for a purchase to target USD 58. A stop loss will be set below the entry point to limit the risk.
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