Bureau Veritas SA : In an upward trend
January 18, 2013 at 03:17 pm IST
By
Entry price | Target | Stop-loss | Potential |
---|
€86.09 |
€90 |
€84.8 |
+4.54% |
---|
Bureau Veritas is the number two worldwide in providing compliance evaluation and certification services applied to the quality, safety, health, environment and social responsibility fields.
Regarding the fundamentals, firstly, we note the increase of sales recorded over the previous year. Indeed, the strong valuation shows an important growth potential.
Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend.
Given these elements, most active investors could take a buy position above the EUR 86.6 resistance for a new bullish signal. A stop loss is placed below the EUR 85 pivot point, threshold that would invalidate the bullish strategy.
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