Barco continues its bullish trend in order to reach long term resistance (EUR 73.4).
The companys 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.
Copyright (c) 2014 4-Traders.com
Disclaimer: 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Surperformance and 4-traders.com services will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Information regarding trading and investment as provided by Surperformance professional is not tailored to the investment needs of any specific person. You acknowledge that you are responsible for your own financial decisions and should seek a registered financial agent depending on your own risk tolerance to advise you on your personal trading activities.