Park National Corporation : The technical configuration is positive
Entry price | Target | Stop-loss | Potential |
---|
US$102.42 |
US$108.5 |
US$99.5 |
+5.94% |
---|
Park National Corporation shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● This company will be of major interest to investors in search of a high dividend stock.
● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● The tendency within the weekly time frame is positive above the technical support level at 80.81 USD
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
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