G to SELL at this LEVELNYSE:G
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Genpact
Genpact $G with the follow throughAfter a breakout in december 22nd, NYSE:G had a throwback and now is a about to make another buy signal above $54. Also, as the NASDAQ:IXIC made lower lows, Genpact has made higher lows. That's good relative strength, and that's what leaders do.
This year the company reported sustained revenue growth in all of its sectors. According to @TradeStation, GenpactLtd revenues reflect Consumer Goods, Retail,Life Sciences and Healthcare segment increase of 18% to $1.1 B, High Tech, Manufacturing and Services segmentincrease of 3% to $1.08 B. So, very good fundamentals.
The stories that would power up the price could be its recent partnership with HighRadius; an artificial intelligence-powered Order to Cash. And the acquisition of Hoodoo Digital, a digital experience consultancy with deep expertise in Adobe solutions.
Genpact Set To Rise Soon?Genpact is the latest stock to flash the Precise Signal. This time it is a buy indicator. Genpact Limited signaled a BUY on March 2 and proceeded to drop lower as expected. It dropped lower than normal, but it is back up near its signal price. The consensus targets are plotted on this chart. Most have the targets above $45. The interesting part is it tends to take longer for the top to be reached for this stock. Right now, it looks like $45 might not be hit until April. Based on the how the market is teetering and I personally opine it will drop much lower soon, the best entry point for this stock may be over a week away. April call options right now are fairly cheap. My guess is they get cheaper over the next week setting up a nice position if everything moves as expected.
The Precise Signal is occurred on the daily chart 5 times for this stock. All 5 so far have resulted in the stock moving up at least 5% from the closing signal price. In this instance, the stock closed at 41.74 on March 2. 5% above this price is $43.82. The stock dropped to $39.32 days after the signal. A move from this low to $43.82 is an 11% gain. A move to $45 from that low would be a gain of 14%.
Like I mentioned, the market is rocky and should continue for a bit. The close on Friday was at 41.41 and I expect it to drop again before charging above $45. Sit back and get ready to pounce on this potential opportunity.
For full analysis check out the article for free at the website in my signature block.
