BE Semiconductor Industries N.V. : The bullish trend is not over
Entry price | Target | Stop-loss | Potential |
---|
€13.19 |
€14.5 |
€13.2 |
+9.93% |
---|
BE Semiconductor Industries continues its bullish trend in order to test new highest level.
The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Debt is decreasing rapidly and the leverage is reducing at -2.54.
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 EUR 12.35 short term support. This trend should allow the stock to reach its EUR 13.5 long term resistance, which breakout will be a buy signal.
According to both technical and fundamental elements, it seems opportune to take a long position above EUR 13.5 in order to reach the bullish trendline at EUR 14.5. A stop loss will be placed under the entry point once the trade is opened.
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