Phoenix New Media Limited : The recent decrease as opportunity
Entry price | Target | Stop-loss | Potential |
---|
US$8.92 |
US$0 |
US$7.9 |
-100% |
---|
The upward trend could come to support Phoenix New Media in the coming sessions.
The fundamentals support the stock with a gradual upward revision of earnings per share by analysts. Taking into account the good quality of publications, the P/E ratio for 2013 and 2014 still show a good potential of valuation.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, the decrease potential seems to be limited close to the USD 8.59 support. Therefore, a technical rebound should drive prices toward the USD 10.36 resistance and then USD 11.3.
Consequently, we expect a quick come back of the bullish movement. The most active investors can buy the share in this area and target a return toward USD 10.36 and next USD 11.3. A stop loss can be placed under the USD 8.59 support.
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.