Allied World Assurance Company Hldgs Ltd : The bullish trend continues
Entry price | Target | Stop-loss | Potential |
---|
US$91.47 |
US$0 |
US$88.05 |
-100% |
---|
Allied World Assurance could reach its USD 94.85 resistance.
The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term.
Technically, the security shows a bullish configuration on all time scales. Prices are coming back on the 50 and 20-day moving average, which should help the security to reach its mid-term resistance.
Thanks to these good indicators, it seems relevant to take a long position in Allied World Assurance at the current price. The target price is the USD 94.85 resistance. A stop loss will be set below the USD 88.75 pivot point to avoid a reversal.
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