Altran Technologies could breakout the EUR 5.85 resistance in the short term.
From a fundamental viewpoint, the company is trading at a low level as shown by the ratio enterprise value/revenue at 0.66x. PER is moderate (estimated at 13.24x in 2012).
The security is in an upward trend for several months. A running out of steam has occurred with the contact of the EUR 5.85 resistance. This movement is supported by the 20-day moving average and may stop any bearish inclinations. Exceeding the EUR 5.85 resistance will indicate a buy signal with a target price in the area of EUR 6.56.
Therefore, investors could take a long position in Altran Technologies, on crossing of the EUR 5.85 mid-term resistance. The first objective will be set at EUR 6.56. A stop loss should be placed at EUR 5.36.
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Provides software and information technology consulting servicesAltran Technologies SA engages in the provision of technological innovation consulting and engineering services.The company was founded on February 14, 1970 and is headquartered in Paris, France.