The resistance should give in
Strategy published on : 07/13/2017 | 09:44
Entry price : 31.52€
Target : 32.4€
Stop-loss : 30.9€
Potential : 2.79%
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● 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
● 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.