Lennox International Inc. : A share price well-oriented

02/14/2013 | 09:41am Opinion : Bullish above 59.4 USD Target price : 65.4 USD Stop loss: 56.1 USD

NYSE Electrical Components / Equipment

The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised 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 below the USD 56.5 short term support. This trend should allow the stock to reach its USD 65.4 long term resistance, which will be the first target price.

Thanks to these good indicators, it seems relevant to take a long position in Lennox International at the current price. The target price is the USD 65.4 resistance. A stop loss will be fixed under the USD 56.5 short term support because a breakdown of this level would damage technical pattern.

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