Gerresheimer shows relatively strong fundamentals and is coming back to attractive price.

From a fundamental viewpoint, the analysts polled by Thomson Reuters have revised upward the revenue previsions for the coming fiscal year.

Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at EUR 39.8, shows. Nevertheless, the stock seems in an oversold situation, near to its EUR 36.95 support in daily data. This level might stop the bearish trend in the short term.

Considering technical and fundamental elements, it seems to be an appropriate timing to take immediately a long position in Gerresheimer in order to benefit from the EUR 36.95 support area. A first target price will be the EUR 39.7 resistance to fill the last bearish gap. A stop loss order will be placed under the mid-term support currently tested.