Ryland Group Inc : The bullish trend is not over
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$37.73 | $0 | $34.9 | -100% |
The economic and financial situation of the company is still strong. The EPS previsions have been revised upward for the last months.
Technical patterns are in the green : prices are up for several months. The reversal should continue in the coming trading sessions. The 20-day moving average should help to reach the USD 39.8 short term resistance.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The first target price is the USD 39.8 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be fixed under the USD 35.3 short term support, threshold that would invalidate this trading strategy.