Indivior PLC : Towards the breakout of a major resistance le

Indivior PLC : Towards the breakout of a major resistance level


31.58%
Indivior PLC is close to a major resistance level, whereby the breach of this level could be considered as a buy signal. This reflects our preferred scenario in light of the stock's current technical chart pattern.
Investors have an opportunity to buy the stock and target the GBX 200.
Summary
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
Strengths
Thanks to a sound financial situation, the firm has significant leeway for investment.
Its low valuation, with P/E ratio at 8.22 and 6.43 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.

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