Motorola Solutions, Inc. : The bullish trend continues
November 28, 2012 at 08:30 am
By
Entry price | Target | Stop-loss | Potential |
---|
US$54.03 |
US$58 |
US$53.2 |
+7.35% |
---|
Motorola Solutions could exceed its USD 54.75 resistance.
The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because they are ready to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.
From a technical viewpoint, the security is moving in a bullish trend in the short and the long term. Increasing moving averages help the movement and there is no sign of reversal in the coming trading sessions. This growth should help to cross soon the USD 54.76 long term resistance and to buy the stock above this level. The target will be fixed at USD 58.
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