Wacker Neuson SE : Positive reaction on contact with the 20-day MA
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€23.2 | €0 | €22.8 | -100% |
The strength of the company is underline by its excellent Surperformance ratings. Therefore, EPS estimates were upward revised by the Thomson Reuters consensus. Moreover, none of those analysts has a sell opinion. After a 2014 year record, sales and earnings should keep their growth rate over 5%.
Technically, the share is in a bullish trend in the short term as well as in the long term. Moving averages are well oriented. After a test of the EUR 24.5 resistance, in the upper trend line area, the stock is positively reacting on contact with its 20-day moving average. In such a configuration, investors may buy at current prices and target a reversal toward the short term resistance. A stop loss should be set at EUR 22.8.
At the publication date, the company Surperformance, publisher of the 4-traders.com website, held a position of 170 shares bought at EUR 16.71 on the 8th of January 2015.