..were analyzed to see if they support a long entry because technical oscillators and moving averages do. Revenue and earnings growth look good. A price-to-earnings ratio of 25.5 is okay in absolute terms and can go much higher. The ratio was 40ish at its highest. If it gets that high again it will be concerning but we have head room. It appears debt has been taken on during the past 5 years to take advantage of low interest rates to fund expansion. A debt-to-equity ratio of 1.78 is acceptable. Anything over 2 would seem excessive for a large cap. Bear in mind that when it comes to accounting and finance I'm a larper.
Technicals:
Most daily oscillators are giving bullish readings. RSI, MACD, DMI, etc.
The weekly chart Bollinger bands show divergence and a crossing of the 20-week (white) sma. There is the red box and 50-week (blue) sma overhead which are resistance and this week still needs to stay and close above the 20-week to really solidify this idea. The 100-week (yellow) sma has been bounced off of.
tldr: if this week closes above the 20-week sma (153.11), go long with a stop at 147.80 and a target of 180.00
Technicals:
Most daily oscillators are giving bullish readings. RSI, MACD, DMI, etc.
The weekly chart Bollinger bands show divergence and a crossing of the 20-week (white) sma. There is the red box and 50-week (blue) sma overhead which are resistance and this week still needs to stay and close above the 20-week to really solidify this idea. The 100-week (yellow) sma has been bounced off of.
tldr: if this week closes above the 20-week sma (153.11), go long with a stop at 147.80 and a target of 180.00