andrew.berg
Short

CGI Group struggles to expand their bussiness

NYSE:GIB   CGI GROUP INC
Fundamentals:
CGI             is an IT company based in Canada that delivers end-to-end IT outsourcing services for communications, financial, government, health and other industries. Seems like very stable company from funadamental point of view: large capitalization, not overvalued, debt to equity is okay and short float is low (a little people betting on short side). But the main concern that this bussiness can not grow forever. Strategy is to grow through acquisitions and now they are pretty expansive.

Technicals:
The price came off from the highs $49.50, broke its mid-term trend and now seems ready for another wave of selling.

Trade Management:
I got in early (with lower risk than usual) on break of consolidation support at $44.95. And will add to my normal size position on break of previous low at $43.60 with measured target at $40
Поиск торговых идей,
оценка настроений рынка, сценарии и торговые планы. https://t.me/berg_stocks
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out