Motorola Solutions, Inc. : The upward movement should continues
Entry price | Target | Stop-loss | Potential |
---|
$75.97 |
$80 |
$75.9 |
+5.3% |
---|
The Us company Motorola Solutions is still in an uptrend and is going toward its highest level for ten years at USD 76.3.
The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because there are willing to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year near USD 4.13 (against USD 3.02 in 2015) and that let see a great potential for the security on the stock market.
Technically, the security shows a bullish configuration on all time scales after a double bottom pattern between January and February. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to open a long trade above USD 76.5. The bullish trend should allow the security to reach the USD 80 threshold as a goal. Nevertheless, a stop-loss will be placed at the USD 75.3 to avoid a downtrend.
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