People all over the world love kind and colorful Disney cartoons. What if we say that you can both adore the pictures and trade stocks of the company that creates them?
Western Union: breaking the resistance
2021-02-09 • Updated
Western Union reports its earnings on Wednesday, at 23:30 MT time, with the expected EPS of $0.42.
Here is the long-term picture. Western Union’s stock hasn’t recovered from the virus hit yet. While it enjoyed the highs of $28 a year ago, it is currently below $24 – that’s just halfway through the losses. However, it may be exactly the reason why it may be an excellent moment to open a position with this stock: with a fundamentally positive outlook, it will inevitably reach back to $28, in time.
In the mid-term, $24 is the nearest target for bulls. That’s where the stock is very likely to be if Western Union manages to outperform the expectations. Otherwise, it may drop to $22 before it gets up again for an upward trajectory. In any case, you'll be able to check which scenario it is in the FBS Trader!
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