(News Bulletin 247) – A clearly affirmed bullish momentum on VALLOUREC shares will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.

KEY GRAPHIC ELEMENTS

The graphical analysis in daily data of the VALLOUREC share makes it possible to identify an upward trend in the short term as well as in the medium term, since the runaway gap of the buying camp of June 29. In terms of trend indicators, the 20-day moving average (in dark blue) acts as a support for prices. This trendline is hovering above its 50-day counterpart (in orange), itself in a bullish acceleration phase.

FORECAST

In view of the key chart factors that we have mentioned, our view is bullish on VALLOUREC stock in the short term.

Active investors will take a buying position on the VALLOUREC share price at €12.4950 with a target of €14.990 in sight. They will protect their capital by placing a stop at €11,290.

The News Bulletin 247 board

VALLOUREC
Positive 12.495 €
Objective :
14.990 €
Potential :
+19.97%
Stop:
11.290 €
Resistance(s):
13,080 / 15,000 / 16,000
Medium(s):
11,980 / 11,305 / 9,920

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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