A medium term support level to take advantage of
Strategy published on : 08/11/2017 | 09:07
Entry price : 70.38€
Target : 74€
Stop-loss : 69.1€
Potential : 5.14%
● 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.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 70.6 support.
● The stock, which is currently worth 2017 to 0.72 times its sales, is clearly overvalued in comparison with peers.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● The stock is in a well-established, long-term rising trend above the technical support level at 63.06 EUR