Airgas, Inc. : Benefit from the proximity of the support
Entry price | Target | Stop-loss | Potential |
---|
US$79.94 |
US$0 |
US$76 |
-100% |
---|
Airgas, the largest U.S. distributor of industrial, medical and specialty gases might rebound on the significant threshold currently tested.
From a fundamental viewpoint, the company shows positive information as shown by the estimation of earnings per share for the next years. Revenues and operating margin growth rates add relevance to this investment.
Technically, the security is in a consolidation area limited by the significant USD 78.15 support and the USD 82 resistance. Above the lower limit, investors could aim a rebound toward the USD 92.5 resistance area.
Ideally, investors will take a long position nearby the USD 78.15 support currently tested, in order to benefit from a technical rebound. The USD 82 is the first goal and by extension the USD 92.50 resistance. This strategy should be covered by a stop loss placed under the USD 77 support because a breakdown of this level would invalidate it.
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