Diebold Nixdorf AG : A steady bullish trend
Entry price | Target | Stop-loss | Potential |
---|
€51 |
€56 |
€49.47 |
+9.8% |
---|
Wincor Nixdorf could exceed the symbolic threshold of EUR 51.
The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimations. The profitability of the company's business remains good. The valuation levels remain intact with an attractive valuation level (PER at 13.14x for 2014 and 11.86x for 2015).
Since several months, the stock has initiated a sharp bullish trend mainly due to strong fundamentals. The move could be continued, supported by the 20-day moving average, and return to its highest price levels.
Therefore, investors could take a long position in Wincor Nixdorf, on crossing of the EUR 51 mid-term resistance. A stop loss should be placed at EUR 48.15.
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