Krones already breakout the EUR 66 resistance in the short term.

From a fundamental viewpoint, the group is in a good financial situation. the company has a low valuation, the ratio "entreprise value/sales" is estimated at 0.70x for 2013. Moreover, analysts revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the company's health.

Technically, prices continue to increase sharply for several month. In the mid and long term, indicators are green. The security has just crossed the mid-term resistance located at EUR 66 and seems able to rally new high level. This crossing would provide a strong buy signal.

Therefore, investors benefit from the signal given by the crossing of the EUR 66 resistance to take a long position in the stock. The objective will be set, firstly, near EUR 70, corresponding to the upper limit of the bullish channel. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.