Rubis

RUI
Real-time Euronext Paris - 10/18 05:35:14 pm
51EUR
-0.68%

The technical configuration is positive

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Patrick Rejaunier
Equity Analyst

Strategy published on : 10/09/2019 | 06:05

long trade
Stop-loss triggered

Entry price : 52.4€
Target : 56€
Stop-loss : 50.99€
Potential : 6.87%

Shares in Rubis do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of the underlying trend.
Investors have an opportunity to buy the stock and target the € 56.

Summary

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

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Historically, the company has been releasing figures that are above expectations.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

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

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 48 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 53.35.

● Technically, the stock approaches a strong medium-term resistance at EUR 53.6.

Zonebourse.com 2019
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