I like the share long term. It has seen nice price action over the last few days, however, it looks a bit overbought now, so now wouldn't be a good entry. I am expecting a pullback - the RSI is indicating the stock is overbought.
I will use price pullbacks as entry points to accumulate because it seems to be in an accumulation phase, forming higher lows in a strong uptrend. Looking to add to my position at about $34-$35.
This is a long term hold for me. I believe the company will be successful and will deliver exceptional returns over the next 5-10 years.
PE ratio = 8.5
EPS= $4.15
My price target for the end of the year (2021) is $45
NOT FINANCIAL ADVICE!
I will use price pullbacks as entry points to accumulate because it seems to be in an accumulation phase, forming higher lows in a strong uptrend. Looking to add to my position at about $34-$35.
This is a long term hold for me. I believe the company will be successful and will deliver exceptional returns over the next 5-10 years.
PE ratio = 8.5
EPS= $4.15
My price target for the end of the year (2021) is $45
NOT FINANCIAL ADVICE!