Cencora, Inc. : A steady bullish trend
Entry price | Target | Stop-loss | Potential |
---|
US$70.31 |
US$74 |
US$69.6 |
+5.25% |
---|
AmerisourceBergen could exceed the symbolic threshold of USD 70.9.
Regarding the fundamentals, we note the increase of sales recorded over the previous year. For the year 2014, profits are expected to double compared to 2013. The valuation of the group remains fair and analysts are still positive on the security.
Since several months, the stock has initiated a sharp bullish trend mainly due to strong fundamentals. The move could be continued, supported by the 20-day moving average, and return to its highest price levels. The crossing of the USD 70.9 resistance should drive prices toward the trendline around USD 74.
Exceeding the technical line at USD 70.9 would give ambitious upward targets. In this case, market participants could buy this stock with an initial target of USD 74. Once the position in the portfolio, a stop loss should be placed under the entry point.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.