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

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Debt is decreasing rapidly and the leverage is reducing at 1.

Technical patterns are in the green : prices are up for several months. The reversal should continue in the coming trading sessions. The 20-day moving average should help to cross the EUR 57.45 long term resistance.

In consequence, investors can take a long position in Hannover Rueckversicherung above EUR 57.45. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the short term support at EUR 55.35.