Gartner could regain its upward trend after having run out of steam.
From a fundamental viewpoint, the security has many qualities. According to Thomson Reuters, sales are expected to increase by almost 40% by 2015, and the net margin by 70%.
Graphically, buyer flows are reduced. But prices have just bounced on the USD 48.5 short term support and are supported by the 50-day moving average. In weekly data, the configuration is bullish as shown by increasing moving averages. In consequence, the stock could comeback to the USD 52.8 resistance.
Investors could take a buy order at the current price. The objective will be set at the USD 52.8 resistance. A stop loss must be placed below the USD 48.5 short term support, threshold which would invalidate this strategy.
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