Borussia Dortmund GmbH & Co KGaA is a professional soccer club that plays in Germany's first division. The Club receives revenue from TV and radio broadcasts, ticket sales, corporate sponsorship and advertising, as well as merchandising. Borussia also manages an amateur and a youth soccer team as well as a female handball team.

Next Friday the club will release its annual report. The company could beat estimates thanks to the victory in Germany Championship, which should boost the revenue and earnings. According to Bloomberg’s estimates, the Club champion of Germany should post revenue for € 202 million and earnings € 0.51 per share. In 2011, Borussia Dortmund’s revenue came from sponsorship (33%), television rights (21%), ticketing (18%), merchandising (18%) and player transfers (9%).

Since June the share gains 25%. In weekly data the share is testing an important level at EUR 2.655. This resistance could be broken after earnings release and in this case new bullish scenario might be open. In daily data the last bearish gap should be fill in the next trading sessions. We suggest a buy position on the stock with a stop loss order placed at EUR 2.37 (moving averages’ area in weekly data).