BradtNom

Bayer - neutral for now with bullish potential

XETR:BAYN   BAYER AG NA O.N.
Bayer AG is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Bayer hasn't had the easiest of times, with the price in decline since all time highs in 2015. Contributing factors to the price decline could be the Monsanto acquisition of 2016. In near-term, the RSI is bullish (>50) on the daily chart, and is looks like the 50-day MA will soon move above the 200-day MA. This crossover, when it happens, is considered bullish. Keen to know what others think. Please leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.

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