UniCredit (UCG), D1
24.01.2017
Technical analysis:
End of the declining movement, beginning of a new bullish trend.
Price broke out of a flag formation.
SMA 50 and SMA 200 crossover. SMA 50 is above SMA 200 - strong signal for a new long trend.
Aggressive Entry:26.5800
SL:24.000
Conservative Entry: Wait for the price to break out of the new flag formation for a safer position.
Fundamental analysis:
Shareholders approve $14B Capital Increase. The company recently did a reversed split in their stocks and now their price is higher. The Divident & Yield is 1.38 (4.90%) which is also a strong signal that the company is healthy. The earnings date is Feb. 9, 2017, and the 1y target is 32.74.
Jr_Trader_A_Kumanov
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