WhiteWave Foods Co : Bullish above USD 30
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$29.76 | US$33 | US$29.17 | +10.89% |
From a technical viewpoint, the stock prices have rebounded after a slight consolidation phase. They are approaching the USD 30 resistance level that stopped their bullish progression in early May. The breakout of this level, as indicated by well oriented moving averages on all time scales, will be the signal that the bullish trend is renewed.
Therefore, a long position could be taken above USD 30. The target will then be USD 33 near the ascending oblique. A stop loss will be placed under the entry points in case of a failure of the bullish overflow.