Zurich Insurance Gro

ZURN
Delayed Swiss Exchange - 08/22 05:30:52 pm
350.3CHF
-0.45%

There is still some upside potential

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 08/12/2019 | 03:58

long trade
Live

Entry price : 350.7CHF
Target : 375CHF
Stop-loss : 331.1CHF
Potential : 6.93%

The underlying tendency is to the upside for shares in Zurich Insurance Group and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Investors have an opportunity to buy the stock and target the CHF 375.

Summary

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


Strengths

● This company will be of major interest to investors in search of a high dividend stock.

● The tendency within the weekly time frame is positive above the technical support level at 316.5 CHF


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at CHF 349.

● The stock is close to a major daily resistance at CHF 351.1, which should be gotten rid of so as to gain new appreciation potential.

● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

Zonebourse.com 2019
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