WABCO Holdings Inc. : To new upward targets
Entry price | Target | Stop-loss | Potential |
---|
$79.75 |
$86 |
$78.3 |
+7.84% |
---|
WABCO Holdings shows a strong performance for several trading sessions.
From a fundamental viewpoint, the group is in a good financial situation. Analysts widely revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the company's health.
Graphically, the security is up 27% since the 1st January. It seems able to continue this uptrend supported by moving averages and will soon test the USD 80.7 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term. Above USD 80.70, a buy signal will be given.
Due to these elements, most active investors could take a buying position and aim to cross the USD 80.70 resistance for a new bullish signal. A stop loss is placed below the USD 78.35 short term support, threshold that would invalidate the bullish strategy.
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