Solaredge Technologi

SEDG
Delayed Nasdaq - 05/24 10:00:00 pm
53.61USD
+0.26%

Good timing to anticipate a continuation of the trend

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David Meurisse
Contributor / Partner

Strategy published on : 12/03/2018 | 11:01

long trade
Stop-loss triggered

Entry price : 39.0197$
Target : 43.9$
Stop-loss : 36.7$
Potential : 12.51%

Solaredge Technologies Inc's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Investors have an opportunity to buy the stock and target the $ 43.9.

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 share is getting closer to its long-term support in weekly data, at USD 32.2, which offers good timing for buyers.

● 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.

● The group usually releases upbeat results with huge surprise rates.

● 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 year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● 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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