Adler Modemärkte AG : The mid-term trend could accelerate in few sessions
Entry price | Target | Stop-loss | Potential |
---|
€0 |
€0 |
€8.8 |
+-NaN% |
---|
Adler Modemaerkte could regain its upward trend after a contact with a strong level.
Moreover, at current price, the company is trading 12.5 times its earnings for this year and thus has a significant potential. Margin is supposed to growth by 18% in 2014 and profits would take advantage of this good conditions.
Adler Modemaerkte is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. Prices have just begun a consolidation phase. It could be interesting in the coming sessions to target a come back on the EUR 10 resistance.
Investor could buy the security at the current price to take advantage of a new upward acceleration in the direction of EUR 10. A stop loss is placed under EUR 8.9.
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