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Vision Company Quietly Making New Highs

Vision Company Quietly Making New Highs

by | Aug 23, 2024 | Chart SetUps

Alcon (ALC) is quietly showing major strength as the monthly chart below shows and Fibonacci extension targets at $101.25 and $109 now in focus. In reviewing the latest quarter, Alcon is winning market share and launching a lot of new products which sets up for strong growth in 2025. Shares are not cheap at 18.6X EBITDA, 41st percentile of its 10-year average, but offers solid 6-8% annual revenue growth and 12-15% EPS growth. ALC also did an interesting acquisition of BELKIN Vision which offers a new opportunity in the glaucoma market and it continues to expand its presence in China.