AB SKF : Underpinned by a support level
Entry price | Target | Stop-loss | Potential |
---|
SEK 225.8 |
SEK 256 |
SEK 215 |
+13.37% |
---|
The recent downward movement has sent AB SKF shares back to attractive levels situated around 222 SEK. This zone could put an end to the downward movement and offers a good timing for new long positions.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● Historically, the company has been releasing figures that are above expectations.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● The stock is in a well-established, long-term rising trend above the technical support level at 203.5 SEK
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