Krones, a german company, manufactures and designs machinery and packaging robots for breweries.

Valuation ratios remain good with a P/E ratio estimated at 14.9x for the current year. EPS and revenue estimates are once again revised upwards. In addition, the company shows a positive cash flow estimated at around 100 million euros for 2013.

Technically, in daily data, the share price consolidates within a EUR 55.4/53.95 trading range ever since early May. Now, it have to cross the 50 and 20-day moving averages to anticipate a rally towards the annual highs at EUR 58.3.

In this context, investors could take a long position at EUR 55.4 to target the EUR 58.3 resistance. A stop loss will be placed under EUR 53.95.