Marsh & McLennan Companies : The technical configuration is positive
Entry price | Target | Stop-loss | Potential |
---|
US$121.68 |
US$130 |
US$115 |
+6.84% |
---|
Shares in Marsh & McLennan Companies, Inc. show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Strengths● The company returns high margins, thereby supporting business profitability.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 105.67 USD
Weaknesses● The stock is close to a major daily resistance at USD 121.88, which should be gotten rid of so as to gain new appreciation potential.
● The company's earnings releases usually do not meet expectations.
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Surperformance is Buy on MARSH & MCLENNAN COMPANIES since 09/08/2023
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