Robert Half International, Inc : The upward tendency continues
Entry price | Target | Stop-loss | Potential |
---|
US$49.77 |
US$51.7 |
US$48.6 |
+3.88% |
---|
Robert Half International continues its bullish trend in order to test new highest level.
From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus recently revised upward EPS estimates of the company for the current year. The great business predictability emphasizes the quality of this investment in the mid-term and the growth perspective gives another argument.
Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. First we expect a pullback on the USD 49 support on which the 20-day moving average should help to reach the USD 51.7 midterm resistance.
For reasons above exposed, investors could benefit from the upward trend on Robert Half International by opening long positions near USD 49. A first target could be set at USD 51.7. The return under USD 49 would invalidate the recovery scenario and trigger our stop-loss order.
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