Strategy published on : 10/11/2017 | 09:11
long trade under conditionConditional Order Terminated
Entry price : 58.6€
Target : 62€
Stop-loss : 57€
Cancellation Level : 56€
Potential : 5.8%
Below the resistance zone that is currently being tested, the potential for new gains appears limited for shares in Stroeer SE & Co KGaA. The stock's technical chart pattern suggests however that the level will be broken.
Investors should benefit from the breakout of the € 58.6 level to target the € 62.
● The group's high margin levels account for strong profits.
● Sales forecast by analysts have been recently revised upwards.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The stock is in a well-established, long-term rising trend above the technical support level at 45.62 EUR
● 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.
● Technically, the stock approaches a strong medium-term resistance at EUR 58.56.
● The company benefits from high valuations in earnings multiples.
● For the past year, analysts have significantly revised downwards their profit estimates.