(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

VETOQUINOL
Positive 84.700 €
Objective :
€100,000
Potential :
+18.06%
Stop:
76.900 €
Resistance(s):
85,600 / 90,400 / 97,800
Medium(s):
80,000 / 75,000

CHART IN DAILY DATA