Real-time Euronext Paris - 04/20 05:35:13 pm

The resistance should give in

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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.

● 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. 2018
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