Dürr AG : The share is well oriented
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€55.37 | €63 | €55.6 | +13.78% |
Regarding the fundamentals, we note the increase of sales recorded over the previous year. Moreover, the valuation of the share is reasonable.
Graphically, the security is up 63% since the 1st January. It seems able to continue this uptrend supported by moving averages and will soon test the EUR 57.3 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term. Above EUR 57.3, a buy signal will be given.
Therefore, investors will benefit from the signal given by the crossing of the EUR 57.32 resistance to take a long position in the stock. The objective will be set near EUR 63. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.