Synergy Healthcare plc : Trend line as support
By Camille Chretien
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 1,120 | GBX 0 | GBX 1,095 | -100% |
Analysts from the Thomson Reuters consensus are more and more confident concerning the profitability of the firm. Indeed, they regularly revise upward their EPS estimates and expect for 2013 a profit margin of 8.7% compared to 8% last year.
Technically, the trend is bullish in the medium and long term with well oriented weekly moving averages. The stock's ascension is supported by a bullish trend line and the 20-week moving average. The latter should help the security to continue its rise towards GBp 1165.
Thus, a long position can be opened at the current price, in order to comeback to the historical record. A stop loss must be placed below the GBp 1110 short term support.