DMG MORI AG : Close to a key level
By Sandra Pinturault
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€0 | €0 | €14.9 | +-NaN% |
From a fundamental viewpoint, the security has a low valuation with an EV/Sales ratio of 0.38x. By the year 2015, it seems that Gildemeister's profitability could increase significantly. Indeed, net margin should be at 4.45% in 2015 vs. 4.05% for the current year.
The area of the EUR 15.4 support should enable the stock to have a new bullish trend. The long term support in this area confirms its relevance. Technically, above these levels,we count on a return toward the EUR 16.9 short resistance.
As a result, active investors can take immediately a long position in Gildemeister thanks to the close proximity of the EUR 15.4 support area. The target price is EUR 16.9. If there is a breakdown of the EUR 15.4 support, investors should close their positions.