Dürr AG : The share is well oriented
October 09, 2012 at 03:02 am EDT
By
Entry price | Target | Stop-loss | Potential |
---|
€55.37 |
€63 |
€55.6 |
+13.78% |
---|
Duerr AG could exceed the symbolic threshold of EUR 57.3.
Regarding the fundamentals, we note the increase of sales recorded over the previous year. Moreover, the valuation of the share is reasonable.
Graphically, the security is up 63% since the 1st January. It seems able to continue this uptrend supported by moving averages and will soon test the EUR 57.3 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term. Above EUR 57.3, a buy signal will be given.
Therefore, investors will benefit from the signal given by the crossing of the EUR 57.32 resistance to take a long position in the stock. The objective will be set near EUR 63. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.
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