Groupe Seb
SK
Real-time Euronext Paris - 06/20 05:35:11 pm
150.2EUR
-0.66%

The stock approaches again the support level

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Anas Lozach
Analyst

Strategy published on : 03/05/2018 | 09:55

long trade
Live

Entry price : 156.9€
Target : 176€
Stop-loss : 147.2€
Potential : 12.17%

Shares in Groupe Seb are retreating towards the lower bound of a horizontal trading range. Investors could use the proximity of this support area to initiate new long positions.
Investors have an opportunity to buy the stock and target the € 176.

Strengths

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 150 EUR


Weaknesses

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

Zonebourse.com 2018
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