Neles Oyj : Volatility should make a big comeback
Entry price | Target | Stop-loss | Potential |
---|
€34.51 |
€38.46 |
€32.75 |
+11.45% |
---|
After accumulation, acceleration. Timing appears favorable to go long in shares of Metso and to anticipate an exit of the trading range on the upside.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 31.29 EUR
Weaknesses● The company's earnings releases usually do not meet expectations.
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