Danone sits at the sweet spot of health conscious consumers with a wide array of products. It is long established with a very unique brand identity and despite its heritage, it is more than willing to change with current trends.
The chart is on extremely bullish trajectory and that looks set to continue.
AVERAGE ANALYSTS PRICE TARGET $18.63
AVERAGE...
Danone is evolving in an ascending canal delimited by resistance R and support S since years.
The price seems to rebound on the support S (point s). For end of year prince will probably increase to the resistance o t which is in triangle configuration with support S.
Our opinion is that price will increase to obj 1 (67€). Afterthat we will observe if a break of...
Overall It is still quite bullish but the current EUR markets are waning on stocks. In fact most stocks were in the red today for the most part. Just goes to show that its good to get some solid confirmation before placing any trades Would of got done for some nasty slippage if I had gone long Monday!!
Drinking a bottle of Evian I thought hmm. Could bounce off that resistance a bit though as it is pretty resting for this stock.Heavy volume looks good too!
