Signature Aviation : In upward trend
Entry price | Target | Stop-loss | Potential |
---|
GBX 286.6 |
GBX 305 |
GBX 284.4 |
+6.42% |
---|
BBA Aviation is still well oriented and is going to new highs.
Regarding the fundamentals, we firstly note the increase of sales recorded over the previous year. Further, debt is expected to decrease with a financial leverage ratio estimated at 0.98x for 2015 compared to 1.58x in 2012.
Since several months, the stock has initiated a sharp bullish trend mainly due to strong fundamentals. The movement could be continued, supported by the 20-day moving average, and return to its highest price levels.
Taking into account all these elements, investors could buy the stock above the GBp 288.4 resistance. The target price is set around GBp 305, crossing point of the trend line. A stop loss will be fixed below the GBp 288.4 short term resistance, threshold that would invalidate the strategy.
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