Arseus should continue its bullish trend and test new highest level soon.

The economic and financial situation of the company is strong and growth perspectives are strong. P/E ratio show a fair valuation but relatively low if we considerate the high growth on earnings expected for the coming 3 years (between 15 and 20%). Sharp upward revisions on EPS also underline the potential and the high visibility on the activity.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to cross the EUR 34.9 long term resistance in order to reach the weekly target at EUR 37.7.

Thanks to these good indicators, it seems relevant to take a long position in Arseus at the current price. The target price is the EUR 37.7 resistance. A stop loss will be set bellow the entry point at EUR 33.8.