Gentex Corporation : Technical rebound is forming
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$29.22 | $0 | $27.8 | -100% |
Upward revisions of EPS and revenues are showing the confidence of Thomson Reuters analyst on the stock. Moreover, growth perspectives for the years to come are encouraging and give positive elements for investors seeking a "growth" company
Technically speaking, the proximity of the USD 28.45 support is an opportunity to take a long position in Gentex Corporation. More than that, an upward trendline should also help the stock to reach the mid-term resistance of USD 30. Once this level is crossed, the goal will be fixed at USD 31.5.
A trade could be open at the current prices in order to aim the USD 31.5 with a stop-loss at USD 27.8.