Drägerwerk AG & Co. KGaA : To new upward targets
Entry price | Target | Stop-loss | Potential |
---|
€99.36 |
€112 |
€99.4 |
+12.72% |
---|
Draegerwerk shows a strong performance in the stock market.
From a fundamental viewpoint, the group is in a good financial situation with revenues and profit expected to rise in the next fiscal years.
Technically, prices continue to increase sharply for several month. On all time scale moving averages are well oriented. The security is now moving toward the mid-term resistance located at EUR 102.1 and seems able to break out it soon. This crossing would provide a strong buy signal in order to aim the EUR 112.
Therefore, investors will benefit from the signal given by the crossing of the EUR 102.1 resistance to take a long position in the stock. The objective will be set near EUR 112. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.
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