Methanex is the world leader in the supply, distribution and marketing of methanol. The stock is actually testing new historical highs.

High quality “Surperformance” ratings are observed for this equity for trading strategies. There is a steady progression on EPS and revenues revisions for the last 12 months. Its low P/E ratio represents an attractive element for investors in position taking (13.2x for 2014 and even lower for 2015 with 10.9x anticipated). A decrease in leverage is also estimated for the current fiscal year.

Technical elements suggest a prolongation of the bullish trend showed by the stock since half 2012. Furthermore, a break through the EUR 72 area could represent a rally towards new historical highs near EUR 78, based on swing effect movement which is also the level of the trend line.

Active investors could take a long position in the case that prices rises over CAD 72.5. Then, they could seek for an objective at CAD 78. Otherwise, the stop loss is placed below the entry point.