Stillwater Mining Company : Back on its bullish trend
By Pierre Gilles de la Londe
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$14.06 | US$0 | US$13.2 | -100% |
From a fundamental viewpoint, company benefited from EPS rises from analysts which often represent a good visibility of the business. Indeed, EPS is expected be back in green territory in 2014.
Graphically, Stillwater Mining seems to be oversold and near to an upward trend line which act as support. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 15.7 resistance.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Stillwater Mining in a good timing. The main target will be USD 15.7 in daily data. Investors might placed a stop-loss order at USD 13.2 in order to avoid important losses.