UDG Healthcare plc : Lower band of a Trading range
Entry price | Target | Stop-loss | Potential |
---|
GBX 487 |
GBX 0 |
GBX 478.3 |
-100% |
---|
Udg Healthcare’s share price was heavily penalized and is now in an oversold situation near to a solid support area.
From a fundamental viewpoint, the company seems undervalued relatively to its peers with a EV/Sales ratio of 0.82.
Currently the stock is oversold and, in the mid-term, is trading in a bearish trend. A trading range is clearly visible in daily data with a support at GBp 483.1 and a resistance at GBp 549.5.
Near the lower band of this area, the stock should initiate a rebound in the next trading sessions.
Thanks to the technical pattern and Udg Healthcare’s strong fundamentals, active investors can open long positions above GBp 483.1. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at GBp 549.5.
However, a bearish trend would regain the upper hand if the security crosses GBp 483.1.
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