Tech Tracker | TRU's Flag-Formation Breakout Signals Target Price of $86.7(6.4%); FLS Continues Its Uptrend, Bullish on Further 6.8% Increase
Our in-house experts provide daily technical analysis to assist investors in making informed trading decisions and enhancing their trading strategy.
Here’s a summary of the technical analysis for September 7st:
1. Stock Name: TransUnion (TRU $TransUnion TRU$ )
Company Description: TransUnion operates as a credit reporting agency. The Company offers consumer reports, risk scores, analytical services, and decisioning capabilities, as well as provides risk and information solutions. TransUnion serves businesses and consumers in the United States.
Entry: Buy above $81.50
Target: $84.70 (3.9%), $86.70 (6.4%)
Stop: $80.00 (-1.8%)
Shariah: No
Technical: Impending flag-formation breakout
2. Stock Name: Flowserve Corp (FLS $Flowserve Corporation FLS$ )
Company Description: Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment throughout the world. The Company provides pumps, valves, and mechanical seals primarily for the refinery and pipeline segments of the petroleum, chemical processing, power generation, and water treatment industries.
Entry: Buy above $40.25
Target: $41.60 (3.4%), $43.00 (6.8%)
Stop: $38.90 (-3.4%)
Shariah: Yes
Technical: Uptrend Intact
Source: Bloomberg, M+ Global (Malacca Securities)
More about Loui:
Loui Low leads a team of analysts to perform equity and economic research and to provide investment advisory services to the organization's sales team, fund manager and retail fraternity. He has more than 10 years of experience in the stockbroking industry.
He graduated with a Bachelor of Science in Statistics from University of Malaya. He also holds an STA Diploma and is a member of the Society of Technical Analysts (MSTA) United Kingdom.
More about the tech tracker :
Our technical analysis section is updated daily and features insights from our expert analyst, Loui, on the stock market. Traders may find some trading inspiration from Loui's views.
More Insights from Loui:
· M+ Global Tech Tracker - 29Aug23
· M+ Global Tech Tracker - 30Aug23
· M+ Global Tech Tracker - 1Sep23