Symetra Financial Corporation : Trading opportunity
By Josselin Giraud
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$12.24 | US$0 | US$11.63 | -100% |
Moreover, at current price, the company is trading 8.07 times its earnings for this year and thus has a significant potential.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. The recent decline has led the share to the USD 12.2 support. Therefore, a technical rebound will fix an objective near the USD 13.4 short-term resistance.
Investors could take a buy order on this level in order to target the 13.4 resistance with a stop below the medium term support.