Ryland Group Inc : Unstoppable bullish trend
By Camille Chretien
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$38.01 | US$0 | US$35.9 | -100% |
The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. Furthermore, sales are expected to rise by almost 47% in 2013.
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term, supported by the 20-week moving average since almost one year. Prices are near to the USD 37.8 short term support, corresponding to the 100-day moving average, which could serve as a stepping stone to come back to the USD 42.2 resistance.
Therefore, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The first target price is the USD 42.2 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be fixed under the USD 37.8 short term, threshold that would invalidate this trading strategy.