Accenture plc : Testing historic higher
Entry price | Target | Stop-loss | Potential |
---|
US$63.63 |
US$0 |
US$62 |
-100% |
---|
Accenture provides management and technology consulting services and solutions. The company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis. The North America’s market is the principal source of company’s revenue.
According to Thomson Reuters’ consensus the company seems correctly valued with a price earnings ratio of 16.73 for this financial year. Earnings per share for 2012 and 2013 are regularly revised upward by analysts covering the enterprise.
Technically, the share is near to historic higher of USD 63.8, reached last July. The security is in a bullish trend on the short, mid and long-term, this movement is supported by moving average 20 periods. In weekly data the share hit a pivot point of USD 63.5. The cross of this level could push the share to ambitious level of USD 71. A stop loss at USD 62, is necessary in order to cover the position.
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