Bechtle AG
BC8
Real-time TRADEGATE AG - 07/25 10:51:27 am
57.935EUR
-0.32%

Is the distribution phase coming to an end ?

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Patrick Rejaunier
Equity Analyst

Strategy published on : 07/17/2017 | 09:22

long trade
Stop-loss triggered

Entry price : 114.95€
Target : 118€
Stop-loss : 112.95€
Potential : 2.65%

From a horizontal accumulation phase, the timing seems good to buy shares in Bechtle AG and to get ahead of a break-out on the upside of the congestion area.
Summary

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

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The stock, which is currently worth 2017 to 0.68 times its sales, is clearly overvalued in comparison with peers.

● Sales forecast by analysts have been recently revised upwards.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 100.25 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 115.65.

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

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