An exit from the recently observed accumulation phase to the upside could allow for the assumption that a clear upward trend is re-established with an increase in volatility. Investors should benefit from the breakout of the € 130 level to target the € 146.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
The share is getting closer to its long-term support in weekly data, at EUR 119, which offers good timing for buyers.
Its core activity has a significant growth potential and sales are expected to surge, according to Thomson Reuters' forecast. Indeed, those may increase by 55% by 2020.
The group usually releases upbeat results with huge surprise rates.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Below the resistance at 146.7 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
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