Discover Financial Services : The technical configuration is positive
Entry price | Target | Stop-loss | Potential |
---|
US$84.73 |
US$99.89 |
US$81.5 |
+17.89% |
---|
Shares in Discover Financial Services show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● The group usually releases upbeat results with huge surprise rates.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● For the past twelve months, EPS forecast has been revised upwards.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 49.57 USD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at USD 97.76.
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