The security continues its rise towards new annual highs.

Company's fundamentals are strong. The valuation of the firm is still low with a PER of 10.57x and a EV/Sales ratio of 0.97x for this year. Moreover, analysts from Thomson Reuters have regularly revised upward their EPS estimates for 2013. Eventually, the company is expected to distribute a dividend of EUR 0.83 this year against EUR 0.70 in 2012.

Graphically, the stock is in a bullish dynamic on all time scales and moving averages are well oriented. Prices are, now, near to the EUR 31.6 short term support and the 50-day moving average. The uptrend should allow the security to reach the EUR 34 mid-term resistance.

Thus, it seems opportune to take a long position in Suedzucker at the current price. The first objective will be set at EUR 34. A breakout of this level would pave the way to new annual highs. A stop loss must be placed below the EUR 31.5 support in order to avoid a downtrend.