The Greenbrier Companies, Inc. : Continuation of the bullish trend
Entry price | Target | Stop-loss | Potential |
---|
US$72.33 |
US$80 |
US$69 |
+10.6% |
---|
The USD 80, corresponding to the trendline, is in line of sight.
The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.95 by the Thomson Reuters consensus for this year. Analysts revised upward EPS estimates for this year and that let see a great potential for the security on the stock market. Moreover, revenues are expected to grow year after year.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly and daily data, the 20-period moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to take a long position at the breakout of the USD 73.25. The bullish trend should allow the security to reach the trendline, around USD 80. A stop loss will be placed under the entry point to avoid a downtrend.
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