Sartorius AG : An appropriate purchase level
Entry price | Target | Stop-loss | Potential |
---|
€74.2 |
€0 |
€72.6 |
-100% |
---|
Sartorius shows relatively strong fundamentals and is coming back to attractive prices.
From a fundamental viewpoint, the company has a return on equity (ROE) of 17.5% for 2013, sign of a good ability to generate profit.
Technically, the security fell sharply for several weeks. This fall has lead Sartorius towards the EUR 74 support area, which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the EUR 78.5 resistance. Even though, moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in the share.
So as to make the most of a potential technical rebound of Sartorius, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the EUR 78.5 resistance and by extension EUR 82.5. Investors should not insist under EUR 74 and are better off placing a stop loss order under this threshold.
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