H.J. Heinz Company : The mid-term trend could accelerate in few sessions
Entry price | Target | Stop-loss | Potential |
---|
$55.49 |
$0 |
$55.16 |
-100% |
---|
The upward trend could come to support Heinz Company in the coming sessions.
The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow for the fiscal year at $11.65 billion against $10.7 billion for the previous year.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline could lead the share to the USD 54.30 support. Therefore, a technical rebound will fix an objective near the USD 57.40 short-term resistance.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Heinz Company. The objective will be set at USD 57.40 with a stop loss placed below the USD 55.50 support.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.