Aegon is a multinational life insurance base in The Hague, Netherlands. The group has exceeded expectations of sales for last fiscal year.

According to “Surperformance” ratings the company has solid fundamentals. Better-than-forecast sales have been recorded on 2013 and a YoY improvement is also expected for 2014 and 2015. Indeed, its EBITDA beat estimates by 90%. Furthermore, revisions on EPS for the last 12 months grew by 12% for 2014 and 19% for 2015.

The timing seems favorable for long position taking in short and medium term. The equity has been trading inside its rising wedge and foremost a consolidation phase is exhibited since the end of 2013. The support line at EUR 6.2 has been repeatedly tested and a technical rebound toward the EUR 6.8 resistance is anticipated. Weekly moving averages orientation seems to assist prices in its rise.

Thus, active investors could take a long position at current prices (EUR 6.4). Then, they could seek for an objective on EUR 6.8 and then EUR 7. Otherwise, the stop loss is placed at EUR 6.1.