Moog Inc. : Perfect timing to aim a technical rebound
November 13, 2012 at 10:08 am EST
By
Entry price | Target | Stop-loss | Potential |
---|
$35.49 |
$0 |
$33.55 |
-100% |
---|
In the past few sessions, Moog has suffered from a sharp fall and is now coming back on significant level support.
According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.
Graphically, technical indicators illustrate the oversold situation. The USD 34.8 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the USD 37.3 mid-term resistance and then the long-term target price is USD 38.9.
Thanks to the technical pattern, active investors can take a long position above USD 34.8. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at USD 37.3 in a first time and then at USD 38.9.
However, a bearish trend would regain the upper hand if the security crosses USD 34.8.
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