Ryland Group Inc : The USD 42.2 level as entry point
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$47.17 | $48 | $40.15 | +1.76% |
EPS and sales previsions have been revised upward during the last months.
Graphically, after a strong impetus, the stock could consolidate and pull back to the USD 42.2 short-term support. At this level, the share price should be supported by the 20 and 50-day moving average and rebound towards the USD 48 resistance.
According to both technical and fundamental elements, investors could take a long position at USD 42.2 to target USD 48. A stop loss will be placed under the USD 42.2 short term support to avoid a downtrend.