Medtronic plc : Good timing to anticipate the return of volatility
Entry price | Target | Stop-loss | Potential |
---|
$116.42 |
$124.7 |
$112.58 |
+7.11% |
---|
An exit from the recently observed accumulation phase to the upside could allow for the assumption that a clear upward trend is re-established with an increase in volatility.
Summary● In a short-term perspective, the company has interesting fundamentals.
Strengths● The group's high margin levels account for strong profits.
● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 97.39 USD
Weaknesses● The stock is close to a major daily resistance at USD 114.89, which should be gotten rid of so as to gain new appreciation potential.
● The company's "enterprise value to sales" ratio is among the highest in the world.
● The company benefits from high valuations in earnings multiples.
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