Generac Holdings, Inc. : The bullish trend continues
Entry price | Target | Stop-loss | Potential |
---|
US$41.25 |
US$0 |
US$39.7 |
-100% |
---|
Generac Holdings continues its bullish trend in order to test new highest level.
From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current and next year.
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 44.3 mid term resistance.
In consequence, investors can take a long position in Generac Holdings with a first target price at USD 44.3. A new bullish fluctuation could lead the security toward highest level in case of breakout of this resistance. A stop loss will be set under the former resistance at USD 40.9.
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