Mattr Corp. : The bullish trend is not over
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
CA$45 | CA$50 | CA$44.1 | +11.11% |
The company’s fundamentals are still strong. Sales are up + 25% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at CAD 0.78.
Technical patterns are in the green: prices are up for several months. The reversal should continue in the coming trading sessions. The 20-day moving average should help to reach the CAD 46 long term resistance.
In consequence, investors can take a long position above CAD 46 in closing price with a first target price at CAD 50. A stop loss will be fixed under the short term support at CAD 44.4.