Thoratec Corporation : The bullish trend is not over
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$37.52 | US$0 | US$36.3 | -100% |
From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.
Technical patterns are in the green: prices are up for several months. The reversal should continue in the coming trading sessions. The 50-day moving average should help to reach the USD 39.3 mid-term resistance.
Thanks to these good indicators, it seems relevant to take a long position in Thoratec Corporation at the current price. The target price is the USD 39.3 resistance. A stop loss will be fixed under the USD 37 short term because a breakdown of this level would damage technical pattern.