Strategy published on : 09/08/2017 | 09:41
long tradeTarget price hit
Entry price : 89.8€
Target : 96.5€
Stop-loss : 86.7€
Potential : 7.46%
Rheinmetall shares are locked into a trading range. This phase will eventually have to end with a return of a clear trend.
Investors have an opportunity to buy the stock and target the € 96.5.
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
● The stock, which is currently worth 2017 to 0.71 times its sales, is clearly overvalued in comparison with peers.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 73.75 EUR