Dürr AG : Strong bullish trend
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€49.87 | €0 | €48 | -100% |
The company's financial health is strong. The company is trading at low levels of valuation with an "enterprise value/revenue" ratio of 0.37x, in add currently it is trading 9.3 times FY earnings estimates. The Thomson Reuters consensus has raised its earnings per share estimates for this financial year to 5.33 EUR.
Technically the share has retraced 100% of bearish movement began on May. We think the bullish trend is not already finish; in fact the share could take benefit from moving averages support.
Both technical pattern and financial health give a good opportunity to investors. The stock should reach 50.3 EUR resistance, and the break out of this level could open to new targets, such as 58 EUR trend resistance. A stop loss will be placed at 48 EUR (20 period moving average).