The EUR 22.7 support, currently tested, should allow Aalberts Industries to rally again.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2012 and 2013. Moreover, the enterprise valuation conciliates with its visibility.

Currently the stock got oversold. In the mid-term, the trend is bearish, but this trend is reversed upon contact with the EUR 22.7 area. Aalberts Industries should be able to confirm its increase in coming sessions. This support area represents a trading opportunity while anticipating a technical rebound towards EUR 24 and later by extension towards EUR 25.7.

Considering technical and fundamental analysis, it seems to be an appropriate timing for opening long positions, thus benefiting from the EUR 22.7 support area. The first target price will be at EUR 24 and later the EUR 25.7 resistance. A stop-loss order will be set under the mid-term support currently tested.