Drägerwerk AG & Co. KGaA : Perfect timing to aim a technical rebound
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€99.4 | €106.6 | €97.8 | +7.24% |
According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.
Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the EUR 91 area has stop this trend and allow a technical rebound towards EUR 99.4 and EUR 106.6. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.
In conclusion, investors could buy the stock on the breakout of the EUR 99.4 in order to aim the year high. Once the trade is opened, a stop-loss will be fixed below EUR 98 (50 and 100-day moving average).