Santarus, Inc. : Still a great upward potential
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$20.11 | US$0 | US$18.6 | -100% |
The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Analysts polled by Thomson Reuters set a target price at USD 22.3 which represents a potential of 11% compared to the current price.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, 20-day moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 23 level, corresponding to the upper limit of the channel. A stop loss will be placed under the USD 19 short term support to avoid a downtrend.