Nordex could reach its EUR 8.93 resistance.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.51 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 : prices are up for several months. The movement should continue in the coming trading sessions. The 20-day moving average should help to cross the EUR 8.93 short term resistance.

Taking into account all these elements, investors could buy the stock above the EUR 8.93 resistance. The target price is set around EUR 9.8. A stop loss will be fixed below the entry point, threshold that would invalidate the strategy.