Integrated Device Technology Inc : Strong financials support the rise
Entry price | Target | Stop-loss | Potential |
---|
US$21.56 |
US$0 |
US$20.8 |
-100% |
---|
Strong fundamentals and a technical momentum militate for a long strategy.
The firm enjoys an excellent Surperformance rating which underlines its profitability, its business predictability and its solid finances. Moreover, the consensus average target price displays a +25% potential.
Technically, the stock keeps an upward trend in the long and in the midterm. Nevertheless an indecisions phase started a few weeks ago within the USD 21.4/24.3 range. Following a slight decline, the share is now on the lower limit, which is a support. This area relevance is strengthen by the rising 20-week and 100-day moving averages.
Consequently, investors may open a long position at current prices and target a reversal toward the USD 22.8 resistance. A stop loss order will be set at USD 20.8.
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