A potential price target of $390 is identified, with a stop-loss strategy at a close below the 30-week EMA to manage downside risk.
Accenture (ACN) is an IT Consulting company in the Information Technology sector of the economy. In this article I will outline why I believe a position in ACN is warranted at this time. I will review
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of ACN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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