HOCHTIEF has still an uptrend and is going toward its new highest level near EUR 112.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.32x by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technical patterns are in the green : The security is trading in a bullish trend in all time scales. Increasing moving averages let think there will be no reversal in the coming trading sessions. The movement should continue in the next days. The 20-day moving average should help to reach the EUR 111.5 resistance.

For reasons exposed, investors could benefit from the upward trend on HOCHTIEF by opening long trades. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance, the main target will be the EUR 120. Nevertheless, a stop-loss can be set under the 20-day moving average at 106.5 EUR.