Signature Aviation : Rebounding on the support
Entry price | Target | Stop-loss | Potential |
---|
GBX 338.2 |
GBX 0 |
GBX 326 |
-100% |
---|
Take advantage of a potential rebound on the GBp 331.
The fundamental analysis of the stock show some positive arguments. First, the EV/Sales ratio at 1.34x for 2015 appears attractive. Moreover, the company offers a generous dividend to investors (3.3% estimated for 2015).
The stock is currently oversold and is trading in a mid-term bearish trend. In the short term, the GBp 331 support help the stock to rebound in the direction of the GBp 349 resistance. BBA Aviation should be able to confirm its rebound in further sessions thanks to this level. This support offers a trading opportunity in order to anticipate a technical rebound toward GBp 349 and by extension toward GBp 360.
The technical situation calls for BBA Aviation buys at current prices with an upside potential to GBp 360, which represents a performance of 3.2%. This investment strategy will require a stop loss below GBp 331.
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