Strategy published on : 07/09/2018 | 15:30
long tradeTarget price hit
Entry price : 69$
Target : 75.3$
Stop-loss : 64.2$
Potential : 9.13%
Shares in HollyFrontier Corp show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the $ 75.3.
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● With a P/E ratio at 11.11 for the current year and 12.97 for next year, earnings multiples are highly attractive compared with competitors.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● For the past twelve months, EPS forecast has been revised upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● The stock is in a well-established, long-term rising trend above the technical support level at 46.51 USD
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.