Barco continues its bullish trend in order to reach long term resistance (EUR 73.4).
The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technically, the security is in an uptrend and supported by moving averages. The bullish trend will not be stopped until prices are above the EUR 58.05 short term support. This trend should allow the stock to reach its EUR 73.4 long term resistance, which will be the main target price.
In consequence, investors can take a long position in Barco with a TP at EUR 73.4. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of a breakout of this resistance. A stop loss will be fixed under the short term support at EUR 58.05.
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