Keyera Corp. : Continuation of the bullish trend
March 27, 2013 at 09:29 am EDT
By
Entry price | Target | Stop-loss | Potential |
---|
CA$56.53 |
CA$0 |
CA$54.1 |
-100% |
---|
Keyera is trading in a bullish trend and several elements argue for the continuation of this trend.
Besides, the Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the CAD 60.6 resistance.
Investors could take a long position on the current price to target CAD 60.6 resistance. To avoid a bearish reversal, a stop loss will be set at CAD 54.1.
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