Bilfinger SE : The mid-term trend could accelerate in few sessions
By Camille Chretien
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€77.13 | €0 | €75.7 | -100% |
The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow for the current fiscal year.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. Prices are back on the EUR 76.6 mid-term support which is corresponding, at the same time, to the 100-day moving average and the bullish trend line. Thus, the stock may bounce towards the EUR 80.1 short term resistance.
Consequently, the most active investors can buy the share in this area and target a return toward EUR 80.1 then EUR 82.3. A stop loss can be placed under the EUR 76.6 support.