KUKA continues its bullish trend in order to test new highest level above 85.9 euros.

From a fundamental viewpoint, the company is strong. It has a reasonable valuation with an EV/Sales ratio of 1.12x. Sales for 2015 are expected at USD 3 billion and net earnings per share should progress in 2016, nearly USD 3.23.

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 reach soon the EUR 92.3 long term resistance.

For reasons above exposed, investors could benefit from the upward trend on KUKA by opening long positions above EUR 85.9 resistance. The main target could be set at the EUR 92.3. The return under EUR 82 would invalidate the recovery scenario and trigger the stop-loss order.