The company Infineon Technologies has an important growth potential.

The growth of the group represents a catalyst for further rises in prices. Indeed, expectations for coming years shows an increase in revenues and earnings. In addition, analysts revised upwards their forecasts on EPS and Sales over the last 4 months.

Technically, the stock is trading close to its short term level at EUR 11.9 that constitutes a support for the midterm and long term positive trend. In this area, the 20-week moving average also support the stock in order to sent it back towards its EUR 13 and 14 resistances.

In sum, the EUR 11.9 offers an interesting purchase level on Infineon Technologies that in fact has numerous positive indicators. The bullish target could be set on the short-term resistance at EUR 13 and by extension EUR 14. In order to protect the trade, a stop-loss could be triggered if prices fall under the midterm support.