RWE shows relatively strong fundamentals and is coming back to attractive price.

According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.

Technically, the security fell sharply for several weeks. This fall has lead RWE towards the EUR 28.1 support area which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the EUR 30 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in RWE.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy RWE in a good timing. Investors might placed a stop loss order at EUR 27.4 in order to avoid important losses.