Muenchener Rueckversicherungs is trading in a bullish trend and several arguments argue for the continuation of this trend.

From a fundamental viewpoint, the company is strong. It has a reasonable valuation with an EV/Sales ratio of 0.53x. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the EUR 131.2 short term support. This trend should allow the stock to reach its EUR 149.5 mid term resistance, which will be the main target price.

In consequence, investors can take a long position in Muenchener Rueckversicherungs with a target price at EUR 149.5. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the short term support at EUR 131.25.