- Stock is trading near strong Resistance - (downside Trend, 200d MA, 100d MA)
- Stock is trading on low level of valuation, SAP has underperformed the SX8P by 6% since January. stock already rebound from the support level (53.50) levels but still some upside
- As Europe is coming back in focus in term of investment and growth regions, SAP could be one o f the name that could catch up on the next few weeks.
- Q2 will be reported on 17th of July
- Consensus is clearly on the Buy Side (Buys 57.4% Holds 31.9% Sells 10.6%)
- Market was specualting on potential $4b takeover of Tibco (Mentionned in German Press), sector is clearly in M&A Logic (Atos, Sopra, Bull,...and many deal in the US...)
- if stock doesn't break the levels, I will add some more on correction below 55.
Laurent
