pool adsCautious on Aetna Inc (NYSE:AET)
Stock Traders daily has become concerned about the valuation level for Aetna Inc (NYSE:AET). Earnings Growth Rates have been declining since Q2 2014 and in Calendar 2015 EPS growth is expected to only be 6.37%. Still, the stock is trading with a PE multiple over 18x. Our opinion is that this is a richly priced stock @ $128.
In addition, our technical observations suggest that AET is testing or has just tested a level of longer term resistance. This compounds the fundamental warning.
Investors in AET should be cautious.
Support and Resistance Plot Chart for
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.
Our Market Crash Leading Indicator is Evitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change: Take a Trial
Fundamental Charts for :
