Straumann Holding AG : A persistent bullish trend
Entry price | Target | Stop-loss | Potential |
---|
CHF 236.7 |
CHF 260 |
CHF 226.8 |
+9.84% |
---|
Straumann Holding continues its bullish trend in order to test new highest level.
The Swiss dental company shows strong fundamentals. It has recently reported its third quarter results which exhibited a solid nine-month growth with acceleration in Q3: revenues climbed by 5% with an operating profit margin above 20%. EPS are increasing each year from CHF 2.36 in 2012 to 8.32 expected in 2014.
Technically, the security shows a bullish configuration on all time scales. Prices are following an upward trendline and supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to open a long position above CHF 237. The target price will be set at CHF 260 and a stop loss will be placed around CHF 227.
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