SCHNEIDER ELECTRIC : Rebound on the lower bound

02/08/2013 | 05:00am Opinion : Bullish above 54.1 EUR Target price : 57 EUR Stop loss: 53.8 EUR

EURONEXT PARIS Electrical Components / Equipment

The Schneider share price returns to the lower bound of its range and offers an attractive entry point for a trading strategy.

EPS revisions are stable for several months and valuation ratios show all the attraction of investors to this stock.

Graphically, prices are in a trading range EUR 54.1/57 since early November. The lower bound has been successfully tested several times. A rebound in the direction of 57 EUR is not excluded.

Market participants could take a long position at current price to target EUR 57. A stop loss is set at EUR 53.8.

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