Robert Half Internat

RHI
Real-time BATS EXCHANGE - 09/19 04:00:14 pm
54.65USD
+0.04%

A support level that should be taken advantage of

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Patrick Rejaunier
Equity Analyst

Strategy published on : 09/06/2019 | 10:49

long trade
Live

Entry price : 54.41$
Target : 61$
Stop-loss : 51.89$
Potential : 12.11%

The medium term support area should allow Robert Half International shares to re-establish an upward trend in the short term.
Investors have an opportunity to buy the stock and target the $ 61.

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 53.08, which offers good timing for buyers.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● The company is in a robust financial situation considering its net cash and margin position.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

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

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.


Weaknesses

● The underlying tendency is negative on the weekly chart below the resistance at 61.11 USD

Zonebourse.com 2019
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