ITT Corp : The bullish trend continues
Entry price | Target | Stop-loss | Potential |
---|
$43.49 |
$46 |
$42.2 |
+5.77% |
---|
Investors should benefit from the breakout of the USD 43.5.
The company shows strong fundamentals. Firstly, the P/E ratio is moderate for 2013. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.
Technical patterns are in the green and prices are up for several months. The movement should continue in the coming trading sessions. The 20-day moving average should help to breakout the USD 43.5 mid term resistance.
In consequence, investors can take a long position in ITT with a target price at USD 46. A stop loss will be set under the 20-day moving average.
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