Lannett Company, Inc. : An opportune reversal
Entry price | Target | Stop-loss | Potential |
---|
US$46.7 |
US$0 |
US$43.95 |
-100% |
---|
Lannett Company could regain its upward trend after having run out of steam.
The group enjoys of upward revisions in earnings per share and growth prospects. Indeed, according to the consensus made by Thomson Reuters analysts, sales are expected to grow for the current fiscal year to 379.26 M USD versus 273.77 M USD registered in the previous year.
Lannett Company is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented, prices are coming in contact with the recent support and the 50-day moving average, level which could stop the current bearish movement. As much as this support area is not brokedown, a price recovery toward the USD 57.5 resistance is expected and targetted.
Investors could take a buy order on this level and get a good entry point with a stop below the medium term support at USD 45.7.
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