Logitech International S.A. : Close to a key level on the weekly chart
Entry price | Target | Stop-loss | Potential |
---|
CHF 38.57 |
CHF 42.35 |
CHF 36 |
+9.8% |
---|
The decline over the past weeks has brought the price of Logitech International S.A. shares back to an important technical support level at 36.58 CHF. This represents an opportunity to take advantage of these prices levels.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at CHF 36.58 CHF in weekly data.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the CHF 37.07 support.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● Historically, the company has been releasing figures that are above expectations.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
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