Booz Allen Hamilton is a well-known management consulting firm. It also has deep expertise in technology, specifically in cybersecurity, cloud computing, and engineering services. The US government and the defense industries are among Booz Allen’s most significant customer segments. More than 90% of the revenue comes from these recession-resistant sectors. The firm’s extensive experience with defense and government customers places it well for solid growth in the longer term.
The long-term monthly chart for Booz Allen shows a consistent uptrend since 2013. In recent years, the uptrend seems to be progressing in a channel marked by the trendlines. The price seems to be respecting these zones, with March 2020 being the only exception when prices briefly broke the bottom trendline. In February 2021, the validity of the trendline was established again when prices fell to the bottom trendline before bouncing back up in March and April 2021. The price target now looks like $90. A minimum stop loss can be placed below the bottom trendline at about $76.5.
Position entered into our long-term tracking portfolio today. The entry point is $81.85, and a stop-loss placed at $66.17, which is 19 % below the entry point. The short-term to medium take profit at the top of the trend is set at $97, giving a profit of 19%.
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.