Robert Half International, Inc : Wait the breakout of the resistance
By Sandra Pinturault
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$39.63 | $41.3 | $38.8 | +4.21% |
Regarding the fundamentals, we note the positive treasury, sign of a healthy situation. Moreover, the return on equity ( a profitability indicator) is estimated at 27.7% for 2013, which is a very high level.
The security is in an upward trend for several months. This movement is supported by the 20-day moving average which may stop any bearish inclinations. Exceeding the USD 39.7 resistance will indicate a buy signal with a target price in the area of USD 41.3 (swing effect).
Investors could take a buying position once prices will be above the resistance. A stop loss will be positioned under the entry point.