Lennox International Inc. : USD 65.4 resistance to break out
Entry price | Target | Stop-loss | Potential |
---|
US$64.54 |
US$70 |
US$63.9 |
+8.46% |
---|
Lennox International is still well oriented and is going to new highs.
The high levels of valuation show the interest of investors for this security. Further, EPS estimates has regularly been revised upward.
Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward USD 65.4 and would give a strong buying signal if the crossing is confirmed in daily closing price.
Taking into account all these elements, investors could buy the stock above USD 65.4. The target price is set at USD 70. A stop loss will be fixed below the effective entry point.
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