Webuild S.p.A. : A steady bullish trend
Entry price | Target | Stop-loss | Potential |
---|
€4.21 |
€4.77 |
€4.19 |
+13.36% |
---|
Salini Impregilo is still well oriented and is going to new highs.
The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimates. The profitability of the company's business remains good.
From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. This positive trend is expected to go toward EUR 4.34 whose breakout will give a bullish signal. In order to optimize the timing, long trades should be opened above the EUR 4.34.
Taking into account all these elements, investors could buy the stock at EUR 4.34. The target price is set at EUR 4.77. A stop loss will be fixed below the entry point, once the trade is opened.
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