Solaredge Technologi
SEDG
Real-time BATS EXCHANGE - 01/17 03:56:27 pm
37.45USD
+0.24%

After the accumulation, an upward acceleration ?

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David Meurisse
Contributor / Partner

Strategy published on : 01/08/2019 | 10:07

long trade
Live

Entry price : 35.49$
Target : 39.7$
Stop-loss : 33.4$
Potential : 11.86%

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 $ 39.7.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● 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 32.2 USD in weekly data.

● 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.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

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

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

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

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