Strategy published on : 10/07/2019 | 05:04
long tradeStop-loss triggered
Entry price : 78.8€
Target : 84€
Stop-loss : 75.9€
Potential : 6.6%
Shares in Danone show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the € 84.
● In a short-term perspective, the company has interesting fundamentals.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The tendency within the weekly time frame is positive above the technical support level at 69.82 EUR
● Stock prices approach a strong long-term resistance in weekly data at EUR 81.72.
● The group shows a rather high level of debt in proportion to its EBITDA.