Hugo Boss AG
BOSS
Delayed Frankfurt - 11/23 05:35:41 pm
67.59EUR
+0.01%

The medium term resistance level limits the upside potential

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 09/11/2017 | 07:14

short sell
Stop-loss triggered

Entry price : 74.2€
Target : 67€
Stop-loss : 74.24€
Potential : 9.7%

After the strong price increase that has been seen over the past few weeks, it appears opportune to anticipate a correction phase for shares in Hugo Boss AG, as the resistance around 74.24 EUR approaches.
Summary

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The group's high margin levels account for strong profits.

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

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 61.3 EUR


Weaknesses

● Technically, the stock approaches a strong medium-term resistance at EUR 74.24.

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

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