Score 9.2 (out of 10): INFOSYS sets up for +8.3% rally in 3 months

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What’s Going On Here?

Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. Infosys was added to Wedbush’s Best Ideas List, the broker cited ‘robust fundamentals’ as the main reason for the bullish view.

Why Now?

INFOSYS LTD-SP ADR has triggered a new technical analysis signal. During similar occasions, INFOSYS LTD-SP ADR shares had a median return of+ 8.3%, over the following 3 months – based on 3 historical occasions with 3 of those showing positive returns (100%). This buy signal for INFOSYS LTD-SP ADR received a high score of 9.2 (out of 10). This insight was generated on 2022-January-27 with last price of 22.66.

What’s This Company About?

INFOSYS LTD-SP ADR is in the Computer Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: INFO IN.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 24.55 (+8.3%) has been reached. Based on INFOSYS LTD-SP ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 20.16 (last price at 22.66), which is equivalent to a -11% decline.

Historical Chart:

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Summary:

NameINFOSYS LTD-SP ADR
ViewUp
Star (1 to 10)9.2
Target+8.3%
Time3 months
Hit Rate100%

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