The breach of the resistance zone around 110.8 EUR seems hard to achieve. The most probable scenario therefore seems to be one in which a short term correction takes place for shares in CEWE Stiftung & Co. KGaA. Investors should open a short trade and target the € 86.1.
Summary
The company has solid fundamentals for a short-term investment strategy.
Strengths
Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
Over the last twelve months, the sales forecast has been frequently revised upwards.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The stock is in a well-established, long-term rising trend above the technical support level at 89.1 EUR
Weaknesses
Stock prices approach a strong long-term resistance in weekly data at EUR 110.8.
Technically, the stock approaches a strong medium-term resistance at EUR 110.8.
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