Nordex has still an uptrend and is going toward its highest level.

The economic and financial situation of the company is still strong. The group has a positive treasury and a low valuation level, only 0.71x for 2013. Moreover, analysts have revised upward their EPS and revenue estimates for this year and next year.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the 20-day moving average. This trend should allow the stock to cross its EUR 13.7 long term resistance.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position above the EUR 13.7 resistance. The first target price is the EUR 15.4 (swing effect). A stop loss will be placed under the entry point.