(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected AXA for active investors.
KEY GRAPHIC ELEMENTS
Between the lows of June 14 and current prices, the gap of around 4 euros is particularly significant compared to the last quote, close to 32 euros. In addition, the 20-day moving average (in dark blue) is about to cross upwards with its 50-day counterpart (in orange). These two trivial observations are nevertheless enough to take the measure of the outperformance of the insurer’s share compared to one of its benchmark indices, the CAC 40.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on AXA stock in the short term.
Active investors will take a long position on the AXA share at €32,720 with a target of €37,990 in sight. They will protect their capital by placing a stop at €30,590.
The News Bulletin 247 council
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.
