Stroeer SE & Co KGaA
SAX
Delayed Frankfurt - 12/11 05:35:50 pm
64EUR
-0.87%

The resistance should give in

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 10/11/2017 | 09:11

long trade under condition
Conditional Order Terminated

Entry price : 58.6€
Target : 62€
Stop-loss : 57€
Cancellation Level : 56€
Potential : 5.8%

Below the resistance zone that is currently being tested, the potential for new gains appears limited for shares in Stroeer SE & Co KGaA. The stock's technical chart pattern suggests however that the level will be broken.
Strengths

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

● Sales forecast by analysts have been recently revised upwards.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● 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 45.62 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.

● Technically, the stock approaches a strong medium-term resistance at EUR 58.56.

● The company benefits from high valuations in earnings multiples.

● For the past year, analysts have significantly revised downwards their profit estimates.

Zonebourse.com 2017
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