Financial Engines Inc : The share is well oriented
Entry price | Target | Stop-loss | Potential |
---|
US$60.43 |
US$69.4 |
US$60.4 |
+14.84% |
---|
Financial Engines could breakout the USD 61.9 resistance in the short term.
Regarding the fundamentals, we note the 27% increase of sales between 2012 and 2013. Moreover the Thomson Reuters consensus revised upward EPS estimates for this year and next year, that let see a great potential for the security on the stock market.
Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at USD 61.9 and seems able to breakout soon. This crossing would provide a strong buy signal.
Exceeding the technical line at USD 61.9 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of USD 69.4 (swing effect). A stop loss should be placed bellow the entry point.
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