Symrise AG : The mid-term trend could accelerate in few sessions
Entry price | Target | Stop-loss | Potential |
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€0 |
€0 |
€31.8 |
+-NaN% |
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Take advantage of the potential technical rebound.
The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow for the fiscal year at 1.85 billion euros against 1.73 billion for the previous year.
Following a bullish wave, the stock now shows a slight decline that lead it towards its EUR 32.7 pivot point. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term, supported by the 100-day and 20-week moving average.
Investor should watch the security close to current level to take advantage of a new upward acceleration in the direction of EUR 33.9, and by extension the EUR 35. A stop loss is placed under EUR 32.15.
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