Regal Rexnord Corporation : Running out of steam as opportunity
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$75.91 | US$0 | US$73.5 | -100% |
Fundamentally, the company enjoys a very good Surperformance ratings which underline the business predictability and the positive sales estimates revisions. The share is still displaying a +13% potential to reach the consensus average target price.
Graphically, the stock has been evolving within an indecision range, limited by the USD 75.5/81 thresholds, for the last weeks. The 20-week and 100-day moving average remain well oriented and should help the share to undertake a rebound on its support.
Consequently, investors could open a long trade at current prices and target a reversal toward the USD 81 resistance. A stop loss will be set at USD 73.5