The EUR 9.28 support, currently tested, should allow Kloeckner to resume a rally.

According to Surperformance© ratings, the company engaged in production of steel and metal related products constitutes a real opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in Q1 2014 where results beat estimates by 40%. It registered a turnover of €1.6 million and its gross profit margin grew to more than 19%. According to analysts' anticipations, the outlook on Kloeckner for the coming years is quite encouraging and could vastly fulfill expectations.

As of technical indicators, the security evolves through a bearish trend for two months. But soon, a bullish reversal will take place mainly helped by the EUR 9.28 support and the oversold condition of the stock. Other graphic elements also argue for an upswing. In addition, weekly moving averages are still well-oriented.

For those who follow Kloeckner, charts study may be offering a discounted entry for the stock. Shares could be led from its current levels around EUR 9.6 to an upside target of EUR 10. Nevertheless, at EUR 8.9 a stop loss order should be considered.