Delek US Holdings continues its bullish trend in order to test new highest level.
The company’s fundamentals are still strong. Sales are up 9.9% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 30.2 short term support. This trend should allow the stock to reach its USD 43 resistance.
In consequence, investors can take a long position in Delek US Holdings with a first target price at USD 43. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed below the pivot point.
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