Straumann Holding AG : A persistent bullish trend
By Anas Boumedian
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
CHF 236.7 | CHF 260 | CHF 226.8 | +9.84% |
The Swiss dental company shows strong fundamentals. It has recently reported its third quarter results which exhibited a solid nine-month growth with acceleration in Q3: revenues climbed by 5% with an operating profit margin above 20%. EPS are increasing each year from CHF 2.36 in 2012 to 8.32 expected in 2014.
Technically, the security shows a bullish configuration on all time scales. Prices are following an upward trendline and supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to open a long position above CHF 237. The target price will be set at CHF 260 and a stop loss will be placed around CHF 227.