Werner Enterprises, Inc. : Severely punished?
Entry price | Target | Stop-loss | Potential |
---|
US$28.15 |
US$0 |
US$26.9 |
-100% |
---|
The USD 27.85 support area, currently tested, should initiate a technical rebound. The company’s fundamentals could validate this scenario.
Financials forecasts are encouraging, while sales and EBITDA should keep on rising, the net income is expected to have a 2 digit growth. There is a +16% potential for the share to reach the consensus average target price.
The security, currently in oversold situation, is evolving within a downtrend in the medium term. In the short term, this trend could be reversed by the USD 27.85 support. This level represents a buying opportunity in the context of a foreseeable technical rebound toward USD 29.9 and by extension USD 29.9.
Thus, investors may benefit from this bargain by opening a long position in the USD 27.85 area and target the short term resistance. A stop loss order at USD 27 in order to avoid important losses.
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