Akzo Nobel, which is in a tight area, has an interesting graphical configuration.

According to Surperformance ratings, the stock meets all criteria for a trading strategy. It is currently trading at 0.99 times its revenues for this fiscal year. EPS is estimated at 3.86 EUR for 2016 and 4.1 EUR for 2017 (10% growth).

Even if the security is in a bearish trend in the long term, it has rebounded in the EUR 50.15 support area. This rally open the way to the EUR 59.05, which is the next daily resistance. Therefore, the stock is currently testing the 20-day moving average and its breakout will confirm this bullish scenario.

The most active investors can be long Akzo Nobel and aim a rebound toward EUR 59.05. To avoid important losses, a stop loss order can be placed under the EUR 54.