Hugo Boss AG : A reversal of the trend is being expected
Entry price | Target | Stop-loss | Potential |
---|
€72.85 |
€67 |
€77.74 |
+8.03% |
---|
Shares in Hugo Boss AG show signs of an exhaustion of the upward trend. A correction phase appears to be the most likely scenario.
Summary● In a short-term perspective, the company has interesting fundamentals.
Strengths● The group's high margin levels account for strong profits.
● This company will be of major interest to investors in search of a high dividend stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 64.3 EUR
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 77.55.
● The stock is close to a major daily resistance at EUR 77.74, which should be gotten rid of so as to gain new appreciation potential.
● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The group usually releases earnings worse than estimated.
● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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