The EUR 39.5 resistance is in line of sight.

The company’s fundamentals are favorable. Sales should raise by 10.5% for one year and moreover, analysts from Thomson Reuters consensus have revised largely upward their EPS estimates for the current year.

Technical patterns are positive on different time scale: prices are up for several months. The movement should continue in the coming trading sessions thanks to the breakout of the annual highs. The 20-day moving average should help to reach the EUR 39.5 short term resistance (swing effect).

Thanks to these good indicators, it seems relevant to take a long position in Boskalis at the current price. The target price is the EUR 39.5 resistance. A stop loss will be set under the EUR 34.5 short term support because a breakdown of this level would damage technical pattern.