Canadian Pacific Kansas City Limited : Towards the breakout of a major resistance level
Entry price | Target | Stop-loss | Potential |
---|
CA$475.32 |
CA$515 |
CA$455 |
+8.35% |
---|
Canadian Pacific Railway Limited shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● The group usually releases upbeat results with huge surprise rates.
● The tendency within the weekly time frame is positive above the technical support level at 398.14 CAD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at CAD 478.86.
● The stock is close to a major daily resistance at CAD 480.8, which should be gotten rid of so as to gain new appreciation potential.
● The company is in debt and has limited leeway for investment
● Based on current prices, the company has particularly high valuation levels.
● The company is not the most generous with respect to shareholders' compensation.
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