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4-Traders Homepage  >  Equities  >  Nyse  >  Axiall Corp    

AXIALL CORP
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Crossing the trendline gives credit

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02/22/2013 | 03:20pm

Axiall continues its bullish trend in order to test new highest level.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.56 by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend and the crossing of the trendline give us another argument.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 59.5 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 50.4 short term support to avoid a downtrend.


© Zonebourse.com 2013
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Company
Engages in the manufacturing and marketing of chemicals and building productsAxiall Corp. manufactures and markets chemicals and building products.It operates through two segments: Chlorovinyls and Building products.The Chlorovinyls segment produces an integrated chain of products, including... 
Sector
Commodity Chemicals
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