Synergy Healthcare plc : Trend line as support
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,120 |
GBX 0 |
GBX 1,095 |
-100% |
---|
Synergy Healthcare' stock is well oriented and may reach its historical record in the coming trading sessions.
Analysts from the Thomson Reuters consensus are more and more confident concerning the profitability of the firm. Indeed, they regularly revise upward their EPS estimates and expect for 2013 a profit margin of 8.7% compared to 8% last year.
Technically, the trend is bullish in the medium and long term with well oriented weekly moving averages. The stock's ascension is supported by a bullish trend line and the 20-week moving average. The latter should help the security to continue its rise towards GBp 1165.
Thus, a long position can be opened at the current price, in order to comeback to the historical record. A stop loss must be placed below the GBp 1110 short term support.
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