Jones Lang LaSalle’s share price was heavily penalized and is now in an oversold situation near to a solid support area.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy.

Currently the stock is oversold and, in the mid-term, is trading in a bearish trend. In the short term, this trend is reversed upon contact with the USD 98.6 area. Jones Lang LaSalle should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards the USD 120 area (20-day moving average).

Considering technical and fundamental elements, it seems to be an appropriate timing to immediately open a long trade in Jones Lang LaSalle in order to benefit from the USD 98.6 support area. A first target price will be the USD 125.13 resistance, ie a potential of around 20%. A stop-loss order will be placed under the mid-term support currently tested.