Nestlé S.A. : Take the opportunity
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
CHF 60.15 | CHF 0 | CHF 58.2 | -100% |
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of CHF 3.32 per share for the current year.
Nestle is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase. It could be interesting in the coming sessions.
Investor should watch the security close to CHF 59.4 to take advantage of a new upward acceleration in the direction of CHF 62.3. A stop loss is placed under CHF 58.35.