Marathon Petroleum C
MPC
Real-time BATS EXCHANGE - 12/13 10:04:14 pm
60.55USD
+0.06%

Volatility should make a big comeback

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David Meurisse
Contributor / Partner

Strategy published on : 12/07/2018 | 16:37

long trade
Stop-loss triggered

Entry price : 65.03$
Target : 69.9$
Stop-loss : 62.9$
Potential : 7.49%

An exit from the recently observed accumulation phase to the upside could allow for the assumption that a clear upward trend is re-established with an increase in volatility.
Investors have an opportunity to buy the stock and target the $ 69.9.

Summary

● 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.


Strengths

● The share is getting closer to its long-term support in weekly data, at USD 61.73, which offers good timing for buyers.

● The close medium term support offers good timing for purchasing the stock.

● According to sales estimates from analysts polled by Thomson-Reuters, the company is among the best with regard to growth.

● Historically, the company has been releasing figures that are above expectations.

● The stock, which is currently worth 2018 to 0.7 times its sales, is clearly overvalued in comparison with peers.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● Below the resistance at 72.45 USD, the stock shows a negative configuration when looking looking at the weekly chart.

Zonebourse.com 2018
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