Regal Rexnord Corporation : Buy on USD 75.5 support
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$76.4 | US$0 | US$74.2 | -100% |
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline led the share to the USD 75.55 support. Therefore, a technical rebound will set an objective near the USD 81.4 pivot point.
Consequently, the most active investors can buy the share at the current price and target a return toward USD 81.4. A stop loss can be placed under the USD 75.55 support.