Logitech International S.A. : In an accumulation phase
BUY
Conditionne
Target price hit
Entry price | Target | Stop-loss | Potential |
---|
CHF 25 |
CHF 30 |
CHF 23 |
+20% |
---|
After accumulation, acceleration. Timing appears favorable to go long in shares of Logitech International SA and to anticipate an exit of the trading range on the upside.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Thanks to a sound financial situation, the firm has significant leeway for investment.
● The group usually releases upbeat results with huge surprise rates.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● For several months, analysts have been revising their EPS estimates roughly upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 18.06 CHF
Weaknesses● The stock is close to a major daily resistance at CHF 24.75, which should be gotten rid of so as to gain new appreciation potential.
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