Dürr AG : In an upward trend
By Bastien Chabasseuil
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€65.95 | €72.5 | €63.4 | +9.93% |
From a fundamental viewpoint, the company is trading at a low level as shown by the ratio “enterprise value/revenue” at 0.83x for 2013. P/E ratio is moderate (estimated at 16.4x in 2013). EPS upward revisions underline a good visibility on the activity with strong upward revisions during the past 12 months.
Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend. A bullish channel is also giving argument for optimist investors.
Therefore, investors could take a long position in Duerr, on the breakout of the EUR 65.95 mid-term resistance to target EUR 72.5 (swing effect). A stop loss should be placed below EUR 64, pivot point.