Keller Group plc : Looking for new historical highs
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,287.44 |
GBX 0 |
GBX 1,225 |
-100% |
---|
Keller has recently signed a new contract of £25M for replacing a section of seawall in Seattle’s downtown waterfront. This disclosure reinforces the bullish trend showed by the stock since the end of 2012.
Strong fundamentals support a positive outlook on the company. In fact, the encouraging “Surperformance” trading rating and a high predictability level represents an advantage. Furthermore, rising EPS and revenue revisions during the last 12 months evinces a positive overview from analysts on this stock (+19% and +3% for 2013) and even higher for the next year.
On a technical viewpoint, the timing seems perfect for trading Keller. Indeed, its prices experience a steady uptrend since 2012 and recent news could help the stock on its positive trend for reaching the target at GBp 1450. In daily data, the moving averages orientation confirms the direction on prices. Current level means an interesting entry point for taking advantage of new historical highs.
Taken together, these indicators suggest a good environment for a long position taking at the current price. The target is fixed at GBp 1450. A stop loss will be set under the weekly pivot point at GBp 1240.
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