(News Bulletin 247) – The group has solid margins, growth, is in net cash position and is back at the lower end of a wide range making a long positioning on the stock attractive.
KEY GRAPHIC ELEMENTS
Technically the stock is back on the lower limit of a range. We therefore position ourselves as close as possible to this lower limit to follow the organization of a technical rebound.
FORECAST
Considering the key graphical factors we have mentioned, our opinion is bullish on BIOMERIEUX stock in the short term.
Active investors will take a purchase position on the BIOMERIEUX stock at a price of €91,000 with a target of €94,000 in their sights. They will protect their capital by placing a stop at €85,000.
News Bulletin 247 advice
DAILY DATA CHART
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.
