Ingram Micro Inc. : Bullish trend
Entry price | Target | Stop-loss | Potential |
---|
$23.12 |
$24.9 |
$22.76 |
+7.7% |
---|
Ingram Micro shows a strong performance for several trading sessions.
From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by + 13.5%. Analysts widely revised upward in recent times their earnings per share estimates for 2014, which is a reliable indicator reflecting the company's health.
From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. The stock has known a little consolidation phase between USD 22 and USD 23.4 resistance but the support of the 20-day moving average should help the price to cross it soon.
Exceeding the technical line of USD 23.46 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of USD 24.9 (swing effect). A stop loss should be placed bellow the entry point.
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