Jenoptik has recently being awarded for one of its products. Having experienced several fluctuations the stocks looks for its highs since 2003.

High quality fundamentals support the company’s progression. Increasingly sales are expected for 2013 and 2014 (3% and 7% respectively). A diminution in debts is estimated of 7% in 2013 for a leverage reduction of 3%. In addition, analyst’s revisions on EPS are stimulating (more than +7% for 2013 and 2014).

After several variations on recent trades the stock is trying to come back to a solid upward trend. A gap opened the 21st of February represented a clear sign of buyer’s attitude on Jenoptik. The stock should confirm its bullish movement on the following sessions, breaking in first place the short term resistance at EUR 13.4 and then reaching the EUR 13.8 target.

Considering fundamental and technical analysis, a long position could be taken at current prices (above EUR 12.8). The target price is fixed at EUR 13.8. A stop-loss order could be placed at EUR 12.3.