WebMD Health Corp. : Wait the breakout of the resistance
Entry price | Target | Stop-loss | Potential |
---|
US$33.46 |
US$36.8 |
US$32.81 |
+9.98% |
---|
WebMD Health is still well oriented and is going to cross a major resistance.
From a fundamental viewpoint, the group is in a good financial situation. The company has a positive treasury, sign of a healthy situation. Moreover, analysts widely revised upward in recent times their earnings per share and revenue estimates.
From a technical viewpoint, prices are well oriented in a bullish trend in the mid and long-term. This positive trend is supported by a bullish channel and is expected to go toward USD 33.8.
Given these elements, most active investors could take a buying position and aim to cross the USD 33.8 resistance for a new bullish signal. The first target price is USD 36.8 (swing effect). A stop loss is placed below the USD 33.8 short term support, threshold that would invalidate the bullish strategy.
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