Guerbet
GBT
Real-time Euronext Paris - 09/25 05:35:58 pm
56.6EUR
-0.88%

Attractive timing with a long term view to go long again

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Jordan Dufee
Analyst

Strategy published on : 03/13/2018 | 09:56

long trade
Stop-loss triggered

Entry price : 65.5€
Target : 72.5€
Stop-loss : 62€
Potential : 10.69%

Guerbet shares have returned to important technical levels around 62.9 EUR based on weekly price data. The timing seems attractive to be a buyer of this stock.
Investors have an opportunity to buy the stock and target the € 72.5.

Strengths

● The share is getting closer to its long-term support in weekly data, at EUR 62.9, which offers good timing for buyers.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 61.8 support.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● According to forecast, a sluggish sales growth is expected for the next fiscal years.

● Below the resistance at 72.5 EUR, the stock shows a negative configuration when looking looking at the weekly chart.

Zonebourse.com 2018
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