Medical Properties Trust, Inc. : A well-established uptrend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$12.66 | $0 | $11.8 | -100% |
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 11.9 short term support. This trend should allow the stock to reach its USD 13.3 long term resistance, which will be the first target price.
According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 13.3 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 11.9 short term support to avoid a downtrend.