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Two undervalued stocks suitable for purchase
Rating:
Loading...Copart, Inc. - (CPRT.US): Is an undervalued share with an underestimated value of $ 20.23, the real one having to be $ 43.50.
The stock has an excellent potential for growth, good security and better performance from the index.
Since the beginning of 2016, the company has provided better reports than analysts expect, except in the first quarter of 2017 when the results were as expected. Overall, the action has a good foundation.
Technical analysis:
D1 Chart - rising trend.
Price above the horizontal and diagonal supports.
Indicators: 50/200 SMA: 50 above 200, price under 50 - positive signal
CCI(50) above 0 - positive territory
SL: 29.33
Alternative scenario: if the price goes under the horizontal support, it is possible to see a new declining impulse.
Corning Incorporated - (GLW.US): Another underestimate stock with a good foundation. The last listed price of the share is 26.99 $ and the real value is 39.78 $. With excellent growth potential, relatively good security and better performance from the index, this share looks good for buying. The company earns better estimates than analysts expect from the second quarter of 2016 to date.
Technical analysis: Daily chart - upward trend
Price above diagonal and horizontal resistance
Indicators:
50 / 200MA: 50 over 200 - upward trend
CCI (50): for now it remains below 0, a better signal for long we will have when moving the moving average over 0.
SL: 26.15
Alternative Scenarios: If the price goes below the previous floor, we can see a breakthrough in the upward trend and a new downward movement.
Sentiment: Emanuel Macron's victory boosts positivism with investors, expecting a positive start at the US stock market.
Trader I. Ivanov
Varchev Traders Read more:
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