Delayed Quote. Delayed  - 10/20 11:29:44 am
178.8SEK +2.23%

Sandvik AB : No turn-around in sight

Patrick Rejaunier
Equity Analyst

Strategy published on : 12/03/2019 | 03:36

long trade on a pullback
Conditional Order Terminated

Entry price : 168SEK
Target : 180SEK
Stop-loss : 164.5SEK
Cancellation Level : 178SEK
Potential : 7.14%

The timing appears opportune to go long in shares of Sandvik AB as we anticipate another pick-up in the underlying trend.
Investors should buy the stock at current prices near SEK 168 in order to target the SEK 180.


● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


● The company is in a robust financial situation considering its net cash and margin position.

● The group usually releases upbeat results with huge surprise rates.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● The tendency within the weekly time frame is positive above the technical support level at 155.2 SEK


● According to forecast, a sluggish sales growth is expected for the next fiscal years.

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