Hudson Pacific Properties Inc : Continuation of the bullish trend
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02/14/2013 | 09:29am
Opinion : Bullish above 22.3 USD
Target price : 24.4 USD
Stop loss: 21.1 USD
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NYSE
Real Estate Operations |
Hudson Pacific Properties continues its bullish trend in order to test new highest level.
The company’s fundamentals are still strong. Sales are up 15.9% 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 21.25 short term support. This trend should allow the stock to reach its USD 24.4 mid-term resistance, which will be the first target price.
It seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 24.4 resistance. A stop loss will be set under the USD 21.25 short term support to avoid a downtrend.
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