FLIR Systems Inc Long-term investments

2016년 6월 28일

As we see, there is a strong but volatile long-trend which was started in November-December Y2015.

There are two main price breakouts (green and bold) of inclined levels of resistance.
Before Brexit there was formation of long-deltas and strengthening of future long-trend.
But the results of Brexit referendum and high Beta of FLIR (0.79) made the stock to react as the whole American market, fully fundamental reaction.
We see that last two days there are down-bars with high volume on "Brexit"-bar.

But our forecast is that the price won't break the strong inclined (bold) level of support, and will turn around with long-trend formation.

Our vision is:
To buy FLIR after turning out at the price 28.50-29.50

Stop-loss 27.50 is connected with strong horizontal level of support 28.00 (-00.50 from the price-level as an assumption of price trading diapason.

The target-price near 40.00 is determined with the help of DCF-model and fundamental factors of the future company's growth (new products and technologies recently announced and new debt for operational and investing aims).