(News Bulletin 247) – The company operates in the medicine and veterinary products sector. The company’s valuation is low compared to its historical average. The stock is posting solid performances: steady growth in sales, margins, return on equity and posting a net cash position which is progressing markedly.
KEY GRAPHIC ELEMENTS
Technically, the title returns to ascending moving averages after a buying acceleration materialized by a bullish marubozu. The return on the 50% of this candle as well as on the moving average at 20 periods in daily data invites to open a buying position.
FORECAST
In view of the key chart factors we have mentioned, our opinion is bullish on VETOQUINOL stock in the short term.
Active investors will take a buying position on the VETOQUINOL share price at €84,700 with a target of €100,000 in sight. They will protect their capital by placing a stop at €76,900.
The News Bulletin 247 board
CHART IN DAILY DATA
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.