Infinera Corporation : Positive reaction on USD 10 level
By Sandra Pinturault
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$10.41 | US$0 | US$9.88 | -100% |
The turnover came out to USD 125 million, 4% above expectations. Moreover, the consensus revised upward EPS and revenue estimates for this year and that let see a great potential for the security on the stock market.
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. We have seen in recent sessions slightly out of breath of the movement but the USD 10 short-term support should allow to rise again. This growth should help to reach soon the USD 11.5 short term resistance.
In consequence, investors can take a long position in Infinera with a first target price at USD 11.5. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be set under the USD 10 short term support.