Mediolanum SpA : Back to EUR 4.7
February 05, 2013 at 03:15 pm IST
By
Entry price | Target | Stop-loss | Potential |
---|
€4.34 |
€0 |
€4.11 |
-100% |
---|
The company shows strong fundamentals. The consensus of analysts revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.
Technical patterns are in the green: prices are up for several months. The reversal should continue in the coming trading sessions. The 20-day moving average should help to reach the EUR 4.7 mid-term resistance.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The first target price is the EUR 4.71 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be fixed under the EUR 4.26 short term, threshold that would invalidate this trading strategy.
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