STOCK IN FOCUS 2: Stabilus are scrambling for key data

(new: stocks turn positive, 200-day line)

FRANKFURT (dpa-AFX) – Stabilus shares made initial losses on Monday according to preliminary figures for the financial year. After the shares of the automotive and industrial supplier had temporarily lost more than four percent in early trading, they quickly recovered and turned into profit.

In the end there was an increase of almost one percent to 38.10 euros. This means that Stabilus’ securities lagged behind the MDax. The index of medium-sized stocks closed with a gain of 1.5 percent.

Investors want to wait until Stabilus publishes the outlook for the new half-year. This is scheduled to happen on December 9th.

Warburg Research analyst Marc-Rene Tonn spoke of solid business development in the past quarter, but one should remain cautious about the outlook for the new financial year. The US bank JPMorgan emphasized that industrial business had recently slowed further.

The chart picture remains cloudy, even though the shares were able to regain the 50-day average line for the medium-term trend, which was broken in early trading. The much-noticed 200-day line as a benchmark for long-term price development is still a long way off after the share price collapse in June as a result of lowered financial targets./la/ngu