The stock of Symrise, a German fragrance manufacturer, may resume its uptrend in the coming trading sessions.

Sales should rise by 6% this year with a comfortable net margin of 10% against 9% last year (8,5% for the sector). EPS estimates has regularly been revised upward by the Thomson Reuters consensus. Eventually, the debt should be lower in the coming years. The Debt to EBITDA ratio of 2.40x in 2012 is expected at 1.09x this year while investments are increasing (Capex of 70.3 million euros in 2012 ; 74,7 million in 2013).

Graphically, the dynamic is bullish in the medium and long term. However, prices are consolidating since April and are back to an opportune buying point. Indeed, the proximity of the EUR 30 short term support, combined with the 100-day moving average argue in favor of an upward rebound towards EUR 32.3.

Thus, the technical and fundamental configuration of Symrise' stock justifies a long position at the current price. The first bullish target will be the EUR 32.3 resistance then EUR 34.2. Nonetheless, a stop loss order must be placed at EUR 29.3.