Murphy USA Inc. : A well-established uptrend
Entry price | Target | Stop-loss | Potential |
---|
US$74.72 |
US$80 |
US$74 |
+7.07% |
---|
Murphy USA is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.28 by the Thomson Reuters consensus for this year. 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 trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions.
According to both technical and fundamental elements, it seems opportune to take a long position above the USD 74.9 resistance at the close. The bullish trend should allow the security to reach the USD 80 threshold. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 74 threshold to avoid a downtrend.
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