Groupon, Inc. : We will always try to get cheaper prices
Entry price | Target | Stop-loss | Potential |
---|
US$4.33 |
US$0 |
US$4 |
-100% |
---|
In the past few sessions Groupon's share sharply fell but the stock is presently coming back to a significant support level.
Groupon enjoys an excellent Surperformance rating, which underlines its attractive valuation, its amazing finances (leverage amounts to -4.17x) and a significant growth potential.
Technically, the security has followed a downward trend in the mid-term, under the USD 4.65 resistance area. However, the selling pressure could run out of steam soon. Indeed, whereas the stock shows an oversold condition, the USD 4.27 support area currently tested might stop the bearish trend in the short term.
This is why it seems to be an appropriate timing to take immediately a long position in Groupon in order to benefit from the technical rebound on the USD 4.27 support area. A first target price will be the USD 4.65 resistance, ie a potential of 7.4%. A stop loss order will be placed at USD 4, to avoid heavy losses.
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