Equifax Inc. : Running out of steam as opportunity

02/13/2013 | 10:28am Opinion : Bullish above 53.1 USD Target price : 57 USD Stop loss: 52.4 USD

NYSE Business Support / Supplies

The upward trend could come to support Equifax in the coming sessions.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and profitability. Analysts polled by Thomson reuters have set an average target price at USD 61.8 which represents a potential of 14% compared to current price.

Equifax is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual ; however, a decrease seems unavoidable in the USD 53.1 area. Investors could take a buy order on this level and get a good entry point to target USD 57 with a stop below the medium term support.

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