Fox Factory Holding Corp. : Upward movement expected
Entry price | Target | Stop-loss | Potential |
---|
US$16.09 |
US$0 |
US$15.72 |
-100% |
---|
Fox Factory Holding Corp could regain its upward trend after having run out of steam.
With important growth perspectives, the company is now on a pertinent price area with an appreciation potential on the stock market.
In terms of technical analysis, Fox Factory Holding is in an uptrend in the medium and long term, but the last bearish movement send back the stock close to a major support level. This threshold, if preserved, will enable a rebound in direction of recent highs.
In this configuration, the support and trendline currently tested offer an interesting entry point on the stock with an upward target at USD 16.6 and USD 17.15. Investors could open a long trade on this level and get a good entry point with a stop below the medium term support.
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