International Consolidated Airlines Group, S.A. : The bullish trend is not over
Entry price | Target | Stop-loss | Potential |
---|
GBX 587.15 |
GBX 0 |
GBX 581.8 |
-100% |
---|
International Consolidated Airlnes has still an uptrend and is going toward its highest level.
Thomson Reuters’ consensus EPS estimates were upwardly revised. The majority of consensus’ opinion is at “outperform” or at “buy”. The net income is expected to rise about 40% and sales by 5% this year. Moreover, debt should sharply drop. The share has still potential to reach the consensus average price target.
Moving averages are really well oriented. The 20-day moving average supports the stock. In both daily and weekly charts we can see that the lower trend lines are relevant. Then it is very likely for the share to rise toward its GBp 598.40 long term resistance.
Investors could take a long position at current prices and target the area of this technical threshold. A stop loss should be set at GBp 581.8.
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.