| Tickers in this article: ACN, QGEN, ALKS, BUD Here are four European stocks/companies, listed on US exchanges, to consider buying. These stocks have either shown recent strength, or are near major support levels. The proximity to support provides a trading opportunity where the potential reward outweighs the risk. Like most stocks, Ireland's Accenture plc (ACN) was hit by selling in August. Just prior to the decline it traded to a high of $105.37. On August 24 it reached a low of $88.43. Since then the stock has been quite strong, closing at $99.39 on September 2. Up 12.48% for 2015, Accenture has held up well while many other stocks are in negative territory (SPDR S&P 500 (SPY) is -3.75%). Based on the long-term uptrend the target is $107, with a stop loss below $92. Based on the $99.39 September close, the risk relative to the reward is close to 1:1. A lower entry, near support term support at $95, results in a 4:1 reward-to-risk ratio.
Refine Your Financial Vocabulary Sign up to receive our FREE Term of the Day newsletter. Gain a better understanding all things financial with technical and easy-to-understand explanations. Click here to begin developing your financial language with this daily newsletter. Disclosure - At the time of writing, the author did not own shares of any company mentioned in this article.
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