Air Methods Corp : Close to a key level
Entry price | Target | Stop-loss | Potential |
---|
US$42.13 |
US$0 |
US$39.8 |
-100% |
---|
Air Methods Corp comes back upon contact with important technical level that might give impetus to a rebound.
Financials forecasts are encouraging, EBITDA and net income should display 2 digits growth in 2015. There is a large upward potential to reach the consensus average target price. Moreover, at the current price, the P/E ratio is below the industry average.
Technically, the share has been evolving in a wide indecisions tunnel between USD 41 and USD 59.8 for many months. A decline undertaken a few weeks ago brought back the stock near its lower limit, in the USD 41 support area. This zone is relevant in daily data as well as in weekly data.
Consequently, investors may open a long position at current prices and target a reversal toward the USD 48 pivot point. A stop loss order should be set at USD 39.8.
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