The EUR 27.21 support, currently tested, should allow Boskalis to rally again.

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, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at EUR 28.7, shows. Nevertheless, the stock seems in an oversold situation, near to its EUR 27.2 support in daily data and a wedge is giving argument for a technical rebound. This level might stop the bearish trend in the short term.

Therefore, the proximity of the EUR 27.2 support is an opportunity to take a long position in Boskalis. The first goal is a return in the EUR 31 resistance area. A stop loss order can be placed under the support currently tested.

On 5 July 2013, Surperformance, the 4-Traders' publisher, has a long position of 131 Boskalis' stocks bought at EUR 31.8 on 29 April 2013