The companys 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.
Disclaimer: 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Surperformance and 4-traders.com services will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Information regarding trading and investment as provided by Surperformance professional is not tailored to the investment needs of any specific person. You acknowledge that you are responsible for your own financial decisions and should seek a registered financial agent depending on your own risk tolerance to advise you on your personal trading activities.
Designs, manufactures and markets a broad range of products for the heating, ventilation, air conditioning and refrigeration marketsLennox International, Inc. engages in designing, manufacturing, and marketing of products for heating, ventilation, air conditioning, and refrigeration.It operates...