KUKA AG : Upward strategy above EUR 31
Entry price | Target | Stop-loss | Potential |
---|
€0 |
€0 |
€30.8 |
+-NaN% |
---|
The EUR 31/31.8 support area, currently tested, should allow KUKA to engage a technical rebound.
From a fundamental viewpoint, the security is not overvalued with a P/E ratio of 16.68x for 2013 and 14.62x for 2014.
Besides, EV/Sales is low with a ratio at 0.57x for this year.
Technically, the security is back on a pertinent support area (EUR 31/31.8) which should help for a technical rebound. The 50-week moving average is coming and will help this upward scenario.
The goal of this buying strategy will be around EUR 34.8, corresponding to the short term resistance and to a pullback on a bullish trend line.
Investors should buy the stock at the current price in order to aim the EUR 34.8 area. A stop loss will be placed around EUR 30.8.
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