Dril-Quip, Inc. : The bullish impetus is not depleted
Entry price | Target | Stop-loss | Potential |
---|
$118.86 |
$125 |
$117.22 |
+5.17% |
---|
Dril-Quip shows a strong performance for several trading sessions.
The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimations. The profitability of the company's business remains good and the group has a positive treasury, sign of a healthy situation.
From a technical viewpoint, prices are well oriented, in a bullish trend on different time scales, supported by 20-day moving average. This positive trend is expected to continue and for the share to cross the USD 119.4 resistance.
Taking into account all these elements, investors could buy the stock above the USD 119.4 resistance. The target price is set above the USD 125 bullish trend line. A stop loss will be fixed below the entry point, threshold that would invalidate the strategy.
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