DIA's stock could soon exceed the symbolic threshold of 6.33 EUR, already tested five times.

Fundamentally, the Spanish group specialized in food retailing is highly evaluated by the Surperformance rating system. Among its best features, we can first mention the weakness of its level of valuation, the "enterprise value/revenue" ratio stand at 0.47x for this year. Analysts constituting the Thomson Reuters consensus regularly revised upward their forecasts for earnings per share. Therefore, it reflects an expected improvement in profitability and also shows the financial health of DIA Group.

Graphically, the security increased in value more than 30% since January 1st. It seems able to continue this upward trend and will soon test again, the short-term resistance of 6.33 EUR. We anticipate an exceeding of this level, given the orientation of the moving averages and strong fundamentals of the group. Above the 6.33 EUR, a bullish signal will be given and will allow investors to take a long position.

Given these elements, the most active investors can position themselves as buyers when crossing 6.33 EUR. The objective will be the area of the 7 EUR. A protective stop is placed under EUR 6.33, threshold that would invalidate the bullish strategy.