Hi Everybody, I would like to talk about this company which have had a good rally after the last earnings report.
Let´s see the Chart.
As you can see the price is moving inside a triangle wich was broke with the last earnigs report.
Actually the sotck is very close to the consensus average target price ($34.95).
Since April 2th the price has been moving very flat inside a box range.
Let´s see some technicals.
Supports and Resistances:
S1:32.47 s2:31.21 R1:33.86 R2:35.10
The MACD is above the signal and close to zero.
The RSI is at 56%.
The stochastic is going up at 65%.
The +DI/-DI is practically underhand,.
Elliot waves: Now we are going away from an extendend flat pattern.
In my opinion the investors are waiting for the 2q results. And it´s probably the stock will continue flat.
It´s difficult to draw a buy range. In my opinion it´s probably that this stock will go up a little bit before a correction:
The actual targets are:
It´s dificult to say if the stock will arrive to the 2nd targets. I should wait until the next correction and pay 32.96 as much.
The buy range could be: [32.66;32.83].
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