Nordex, the wind turbines top-seller, will continue its rally according to technical patterns.

Nowadays company demands of wind turbines keep growing at a steady rate. Moreover, the European Investment Bank engaged to provide the German group with a loan of €100 million for its R&D section. Margins on the activity gradually progress every year since 2011; as the same trend is observed in sales volume (expected to increase by 29%) financials got strengthened and analysts keep a positive outlook on Nordex. This perspective is reflected in consensus where they remain buyer and in EPS estimates (€0.16 per share this year and €0.38 for fiscal 2015).

With positive news outflowing shares on Nordex have being regaining green colors, and further advances are expected. If the EUR 11.8 resistance got broke then the target could be set close to EUR 13.7. Technical patterns remain stable and no major indications of possible drops are shown. Furthermore, the orientation of both 50 and 100-week moving averages argue for better places to be aimed.

Investors interested in buying Nordex shares could open their position over EUR 11.8 and target EUR 13.7. The stop-loss order should be triggered below the key point at EUR 10.8.