The Brink's Company (BCO)

Purchase Info

Stock Price History

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Our View

Brinks Company is an American security and protection company based out of Virginia. It provides logistics and security solutions to banks, financial institutions, and ATM management service providers as well as businesses for transport of currency and high value items like jewelry and diamonds. Brinks is a leader in its industry and has a presence in 41 countries outside the US. Given the sensitive nature of cash handling operations, the track record and reputation are significant moats for the company to drive long-term growth.

The Long term monthly chart for Brinks shows an uptrend that began in 2014 and peaked out towards the end of 2019. Over December 2019 to March 2020, the price fell by a massive 58%. It bounced up from the bottom of the long term trend and has more or less remained above the trendline ever since. The price has not broken out above $54 yet but the likely longer-term target is the $90s. The initial target can be around $64, which was previously a support. Stop loss can be placed below the bottom trend line at around $35.

Position taken today at $48.91 With stop loss  at $35 28% below  the entry point. Medium term take profit point set at $68 giving a profit of 39%

Data Explained

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.

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