PUMA SE : The risk of a reversal
| Entry price | Target | Stop-loss | Potential |
|---|
|
€0 |
€58 |
€67.05 |
-∞% |
|---|
The chart of shares in Puma SE exhibits signs of a downward reversal suggesting that a correction phase is in its beginning.
Strengths● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 65.35 support.
● Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 43% by 2021.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 55.7 EUR
● With an expected P/E ratio at 39.06 and 31.98 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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PUMA SE 
