Becton, Dickinson and Company : Solid financials and growth forecasts
Entry price | Target | Stop-loss | Potential |
---|
US$141.95 |
US$0 |
US$139 |
-100% |
---|
The global bullish trend should continue.
Fundamentals are good. After two years of steady increase for sales and EBITBA, both aggregates should know 2 digits growth as EPS did. There is a + 13% potential to reach the Thomson Reuters consensus average price target.
Technically, the share is evolving in a tunnel limited by the USD 149.5 resistance and the USD 141 resistance. Moreover the trend is supported by the 20-week moving average and the 100-days moving average should prevent the stock from a downfall. In this configuration, investors can take along position now and target the USD 149.5 resistance. A stop loss should protect the position at USD 139.
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