Suedzucker could reach its EUR 23.7 resistance.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.83 for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, the 20-week moving average helps the stock to keep its uptrend.

Thanks to these good indicators, it seems relevant to take a long position in Suedzucker at current prices. The target is the EUR 23.7 resistance. A stop-loss will be set under the EUR 21.