Alstom
ALO
Real-time Euronext Paris - 11/22 01:40:40 pm
34.205EUR
-0.62%

The resistance should give in

Envoyer par e-mail
Anas Lozach
 

Strategy published on : 07/13/2017 | 09:44

long trade
Stop-loss triggered

Entry price : 31.52€
Target : 32.4€
Stop-loss : 30.9€
Potential : 2.79%

Alstom shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● Historically, the company has been releasing figures that are above expectations.

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 26.08 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 31.95.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

Zonebourse.com 2017
Envoyer par e-mail