Bertrandt AG : Currently testing its midterm support
Entry price | Target | Stop-loss | Potential |
---|
€0 |
€0 |
€102.9 |
+-NaN% |
---|
The stock is currently testing the short term support line.
The company counts on good quality fundamentals. Its sales are expected to progress for the three years (+10% for 2014) to come and the EPS is anticipated to reflect this direction (+9%). These elements suggest mastered costs.
Recently, Bertrand suffered from a breaking gap in a down direction taking it out of the range EUR 110 to 114 in order to decline near the EUR 104 level. Once the support tested, the stock prices should gradually hike until reaching the EUR 110 first, then the EUR 118 resistance.
A long position could be opened at current prices, this way investors could profit from a bullish trend. The target price is fixed at EUR 118 for a stop-loss at EUR 102.9.
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