Hugo Boss AG : The medium term resistance level limits the upside potential
Entry price | Target | Stop-loss | Potential |
---|
€74.2 |
€67 |
€74.24 |
+9.7% |
---|
After the strong price increase that has been seen over the past few weeks, it appears opportune to anticipate a correction phase for shares in Hugo Boss AG, as the resistance around 74.24 EUR approaches.
Summary● The company has solid fundamentals for a short-term investment strategy.
Strengths● The group's high margin levels account for strong profits.
● This company will be of major interest to investors in search of a high dividend stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 61.3 EUR
Weaknesses● Technically, the stock approaches a strong medium-term resistance at EUR 74.24.
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
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