CoStar Group, Inc. : Continuation of the bullish trend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$90.4 | $0 | $88.4 | -100% |
The company’s fundamentals are still strong. Sales are up 38.3% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
Thanks to these good indicators, it seems relevant to take a long position in CoStar Group at USD 89.55. The target price is the USD 93.1 resistance. A stop loss will be fixed under the USD 89.55 short term because a breakdown of this level would damage technical pattern.