Accenture Turns Upward

Ticker: ACN
Idea: Long
Horizon: 1 month
Target: $300
Stop order: $253

Technical analysis
The price of the stock has pushed away from the resistance level. Idea for the growth of the paper with a target of $300.

Fundamental Factor.
Accenture is a consulting company that provides consulting services to organizations in the areas of strategic planning, optimization and organization of business process outsourcing, customer relationship management, logistics process management, human resources management and information technology implementation. The company will report financial results for the fourth quarter of fiscal year 2022 on Thursday, Sept. 22. Analysts expect revenue of $15.426 billion and earnings per share of $2.57. If the report beats analysts' expectations and the company's management gives a good outlook, the market could put that positive spin on the price.