KUKA could reach its EUR 29.75 resistance.

From a fundamental viewpoint, the company is strong. It has a reasonable valuation with an EV/Sales ratio of 0.58x. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.

Technical patterns are in the green: prices are up for several months. The reversal should continue in the coming trading sessions. The 20-day moving average should help to reach the EUR 29.75 long term resistance.

Thanks to these good indicators, it seems relevant to take a long position in KUKA AG at the current price. The target price is the EUR 29.75 resistance. A stop loss will be fixed under 20-day moving average (EUR 27.3).