Luxottica Group : Towards new highs
Entry price | Target | Stop-loss | Potential |
---|
€39.2 |
€44 |
€38.5 |
+12.24% |
---|
Luxottica, leader in premium, luxury and sports eyewear shows fundamental qualities to consider a continuation towards new historical highs.
The high levels of valuation show the interest of investors for this security. The company achieved another time excellent financial results for 2012 with a turnover exceeding 7 billion dollars and an earning per share of EUR 1.17, progressing by 18.7% compared to 2011.
Technically, the share has a bullish configuration in the medium and long term. Prices are supported by an increasing 20-day moving average which should allow the stock to go back to the EUR 40 resistance.
Therefore, investors will benefit from the signal given by the crossing of the EUR 40 resistance to take a long position in the share Luxottica. The objective will be set near EUR 44. Once the position is opened, a stop loss should be set under effective entry point to guard against a trend reversal.
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