Nutreco Holding is still well oriented and is going to new highs.

From a fundamental viewpoint, the group is in a good financial situation, with a low valuation level (ratio entreprise value/sales of 0.54x for 2013).

Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at EUR 36.87 and seems able to breakout soon. This crossing would provide a strong buy signal.

Therefore, investors could take a long position in Nutreco Holding, on crossing of the EUR 36.87 mid-term resistance, to target the EUR 40.3 (swing effect). A stop loss should be placed below EUR 36.2.