Arjo AB (publ)'s shares display attractive technical aspects to anticipate a comeback of the underlying trend. Investors have an opportunity to buy the stock and target the SEK 55.
The company has solid fundamentals for a short-term investment strategy.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at SEK 45 SEK in weekly data.
Over the last twelve months, the sales forecast has been frequently revised upwards.
The tendency within the weekly time frame is positive above the technical support level at 45 SEK
The group shows a rather high level of debt in proportion to its EBITDA.
The group usually releases earnings worse than estimated.
The company is not the most generous with respect to shareholders' compensation.
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