Infineon Technologie

IFX
Real-time TRADEGATE AG - 05/20 07:00:00 am
17.25EUR
-3.28%

The stock approaches again the support level

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Anas Lozach
Analyst

Strategy published on : 03/14/2019 | 08:03

long trade
Stop-loss triggered

Entry price : 19.06€
Target : 20.1€
Stop-loss : 18.5€
Potential : 5.46%

Infineon Technologies have been fluctuating horizontally for several weeks. As the share price returns to the lower bound of the accumulation zone, it yoffers a good timing for investors to open new long positions.
Investors have an opportunity to buy the stock and target the € 20.1.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Analysts covering this company mostly recommend stock overweighting or purchase.

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


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● Below the resistance at 20.1 EUR, the stock shows a negative configuration when looking looking at the weekly chart.

Zonebourse.com 2019
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