Short term view - ESSILOR INTERNATIONAL : Measuring gap
In our previous short term analysis (21/10/2016), we were negative.We remain negative with a target at 94,1 € and an invalidation level at 111,8 €.
The bearish trend unfolds.
Arguments :
- The measuring gap, opened in the middle of the fall, reinforces the bearish trend.
-...
Essilor International (Compagnie Generale d'Optique) designs, manufactures and sells ophthalmic lenses, ophthalmic optical instruments and equipment. Co.'s activities are divided into three segments: Lenses and Optical Instruments (Co. designs, manufactures and customizes corrective lenses such as: Varilux (progressive lenses); anti-reflective, smudge-proof and anti-static lenses (Crizal); Nikon lenses, Transitions variable-tint lenses and Kodak lenses under agreements; polarized lenses (Xperio) and fog-proof lenses (Optifog)), Equipment (Co. produces, distributes and sells equipment and consumables used by prescription laboratories) and Readers (Co. designs and sells reading glasses).
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