Shares in Hugo Boss AG show signs of an exhaustion of the upward trend. A correction phase appears to be the most likely scenario. Investors should open a short trade and target the € 67.
In a short-term perspective, the company has interesting fundamentals.
The group's high margin levels account for strong profits.
This company will be of major interest to investors in search of a high dividend stock.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 64.3 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 77.55.
The stock is close to a major daily resistance at EUR 77.74, which should be gotten rid of so as to gain new appreciation potential.
According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
The group usually releases earnings worse than estimated.
The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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