Close to a key level on the weekly chart
Strategy published on : 08/09/2017 | 09:30
Entry price : 57€
Target : 62€
Stop-loss : 55.49€
Cancellation Level : 60€
Potential : 8.77%
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The share is getting closer to its long-term support in weekly data, at EUR 56.5, which offers good timing for buyers.
● The close medium term support offers good timing for purchasing the stock.
● The group's activity appears highly profitable thanks to its outperforming net margins.
● The company is in a robust financial situation considering its net cash and margin position.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● According to forecast, a sluggish sales growth is expected for the next fiscal years.