Arcadis N.V. offers consulting and engineering services worldwide. The Company performs feasibility studies, develops projects, and offers financial and legal consulting services, assists in the permitting process, and offers design and maintenance services.

Next week on August 2, the company will be release results for second quarter. Analysts polled by Thomson Reuters forecast revenue up to € 644 million, and earnings per share for full year of €1.38. The share is correctly valued, in fact at current price the share is trading 12 time EPS estimates.

Graphically the share is in a neutral trading range between EUR 17.6 and EUR 15.75, as 20 day moving average shows. At current price the share is testing 100 day moving average, which plays as support.

We suggest to take a long position on the stock in order to aim as first target a return on the mid-term resistance. The break out of this level could give place to new highs. A stop loss will be placed at EUR 16.08.