After the strong price increase that has been seen over the past few weeks, it appears opportune to anticipate a correction phase for shares in Nestle near the resistance of 77.6 CHF. Investors should open a short trade and target the CHF 73.8.
The company returns high margins, thereby supporting business profitability.
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 company is one of the best yield companies with high dividend expectations.
Stock prices approach a strong long-term resistance in weekly data at CHF 79.8.
Technically, the stock approaches a strong medium-term resistance at CHF 77.6.
According to forecast, a sluggish sales growth is expected for the next fiscal years.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
For the past seven days, analysts have been lowering their EPS expectations for the company.
For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards.
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