Rheinmetall AG : Near a buying signal
January 08, 2013 at 03:51 am EST
By
Entry price | Target | Stop-loss | Potential |
---|
€38.21 |
€0 |
€36.8 |
-100% |
---|
According to Surperformance rating, the stock meets all criteria for a trading strategy. It is currently trading at 0.37 times revenues for this fiscal year. EPS is revised regularly upward by the analysts.
Since its fall on the EUR 31.35 support, the stock has renewed its upward movement. The buying signal will be given by the cross of the trendline currently tested. The support of 20-day moving average confirmed this strategy.
Both financial elements and graphical pattern give a good entry point to buy Rheinmetall. The security, thanks to its strong fundamentals, is interesting in a trading strategy to benefit from a bullish trend. The target price is the mid term resistance at EUR 41.6. The trading strategy would be invalidated if the stock crosses the EUR 37.5 support so a stop loss order can be placed at this level.
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Surperformance is Buy on RHEINMETALL AG since 2024-02-09
.