Bic
BB
Real-time Euronext Paris - 09/22 05:35:17 pm
100.1EUR
+0.35%

Close to a key level on the weekly chart

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Jordan Dufee
 

Strategy published on : 07/14/2017 | 09:16

long trade
Stop-loss triggered

Entry price : 104.45€
Target : 110€
Stop-loss : 101€
Potential : 5.31%

Shares in Bic are currently testing the support level at 102.45 EUR on the weekly chart. Investors should regard the recent downward movement as an opportunity to go long the stock.
Strengths

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● 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.

● This company will be of major interest to investors in search of a high dividend stock.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

● Revenue estimates are regularly revised downwards for the current and coming years.

● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 116.8 EUR

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