Medical Properties Trust, Inc. : Back to the USD 12.8
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$13.49 | US$0 | US$12.2 | -100% |
The economic and financial situation of the company is still strong. Estimated EPS from Thomson Reuters consensus are encouraging.
Since early november, share price rose by 16%, it is in upward trend on all time scale. However, some profit-taking could occur in the next trading sessions. A pull back on the USD 12.8 would allow a new impetus towards USD 13.6 supported by the 20-day moving average.
It seems opportune to take a long position near USD 12.8 to target USD 13.6 and the USD 14.5 long-term resistance. A stop loss will be set at USD 12.2.