The medium term support area around 22.03 EUR should allow Infineon Technologies shares to re-establish an upward trend in the short term. Investors have an opportunity to buy the stock and target the € 24.7.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 22.03 support.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Historically, the company has been releasing figures that are above expectations.
Sales forecast by analysts have been recently revised upwards.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The tendency within the weekly time frame is positive above the technical support level at 20 EUR
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