From a horizontal accumulation phase, the timing seems good to buy shares in Bechtle AG and to get ahead of a break-out on the upside of the congestion area. Investors have an opportunity to buy the stock and target the € 118.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
The stock, which is currently worth 2017 to 0.68 times its sales, is clearly overvalued in comparison with peers.
Sales forecast by analysts have been recently revised upwards.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 100.25 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 115.65.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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