andrew.berg
Short

CGI Group struggles to expand their bussiness

NYSE:GIB   GROUPE CGI 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

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out