Norma Group SE
NOEJ
Delayed Frankfurt - 08/18 05:35:50 pm
51.93EUR
-1.82%

The technical configuration is positive

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 08/09/2017 | 08:07

long trade
Live

Entry price : 51.45€
Target : 58€
Stop-loss : 50€
Potential : 12.73%

The underlying tendency is to the upside for shares in Norma Group SE and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Summary

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


Strengths

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

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The stock is in a well-established, long-term rising trend above the technical support level at 45.51 EUR


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

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

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