(Finance) – Pressure on Infosys Limited Sponsored Adrwhich is losing ground, showing a drop of 9.58%.
The IT services company ended the fourth quarter with results below analysts’ expectations. For the period, earnings per share came in at $0.18 versus the consensus estimate of $0.19. Also in the three months, revenues stood at 4.55 billion compared to the 4.74 billion expected by the market.
The one-week trend of Infosys Limited Sponsored Adr is more sluggish than the trend ofS&P-500. Such decline could trigger opportunities for the market to sell the stock.
The technical framework of Infosys Limited Sponsored Adr it signals a widening of the negative trend line with a drop to the support seen at 15.24 USD, while on the upside it identifies the resistance area at 15.8. Forecasts are for a possible further retreat with a target set at 15.04.