Buy Siemens; target of Rs 900- 925: PINC Research - Moneycontrol.com -

PINC Research is bullish on Siemens and has recommended buy rating on the stock with a target of Rs 900- 925 in its September 24, 2010 research report.

“Siemens for medium and long term moving averages used to track the trend in Siemens is in a bullish position. This is indicating that the major trend in the stock is bullish. The medium / long term momentum (MACD) has started moving up. It has also begun moving above its trigger line which confirms a positive trend. The uptrend can be sustainable. The momentum in the trend of Siemens is gaining firm positive strength. The present move is beginning a break out into fresh price territory. Technicals suggest that this uptrend is sustainable. We expect the price to rise to Rs 900-925 in the next 3 - 4 months. Any decline in prices should be used to enter on the buy side,” says PINC Research report.

FOR MORE STOCK IDEAS AND STOCK RECOMMENDATIONS VISIT STOCKINDIA.SLINKSET.COM NOW

From: http://www.moneycontrol.com/news/recommendations/buy-siemens-targetrs-900925-pinc-research_487061.html