Stantec Inc. : Interesting entry point
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$65.32 | $68.25 | $64.35 | +4.49% |
Technically, the stock prices evolve in a trading range between CAD 65.6 and CAD 68.2. The last consolidation phase has brought the stock near its support line. A reversal movement could happen, launching the stock back to the CAD 68 area.
Considering strong fundamentals and technical configuration, active investors could take a long position at the current prices. The first target will be CAD 68 and then the historical high at CAD 72. A stop loss will be place at CAD 64.35, sign of a downward break of the trading range.