Hannover Rueckversicherung has still an uptrend and is going toward its highest level.

The company’s fundamentals are still strong. Sales are up + 9.4% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the EUR 54.25 short term support. This trend should allow the stock to reach its EUR 64.4 long term resistance, which will be the first target price.