Strategy published on : 03/13/2018 | 09:56
long tradeStop-loss triggered
Entry price : 65.5€
Target : 72.5€
Stop-loss : 62€
Potential : 10.69%
Guerbet shares have returned to important technical levels around 62.9 EUR based on weekly price data. The timing seems attractive to be a buyer of this stock.
Investors have an opportunity to buy the stock and target the € 72.5.
● The share is getting closer to its long-term support in weekly data, at EUR 62.9, which offers good timing for buyers.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 61.8 support.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● Below the resistance at 72.5 EUR, the stock shows a negative configuration when looking looking at the weekly chart.