Tyler Technologies, Inc. : Stock on the upward trend line
Entry price | Target | Stop-loss | Potential |
---|
US$120.51 |
US$0 |
US$116.8 |
-100% |
---|
The upward trend could spur Tyler Technologies in coming sessions.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have been revising upward their earnings estimates and nowadays expect a profit of 2.05 USD per share for the current year.
Tyler Technologies is in an uptrend in the medium and long term, although, the last bearish movement has throw it back near a major support level and a trendline. This threshold, if preserved, will enable the equity to take advantage of the bullish movement.
Consequently, we expect a technical rebound on the current level. Most active investors could buy the equity targeting a return to USD 132.1. A stop-loss order will be placed above the USD 116.8 support.
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