Strategy published on : 03/07/2018 | 18:16
long tradeTarget price hit
Entry price : 2952.35$
Target : 3208.23$
Stop-loss : 2704$
Potential : 8.67%
The technical support around 2704 USD emanating from daily closing prices could trigger a technical rebound for NVR, Inc. shares.
Investors have an opportunity to buy the stock and target the $ 3208.23.
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 2750.19 USD in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The group's high margin levels account for strong profits.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● For the past twelve months, EPS forecast has been revised upwards.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● The stock is in a well-established, long-term rising trend above the technical support level at 2750.19 USD