Short term view - GEBERIT : The major resistance has been breached.
The trend is still bullish, the invalidation level is below CHF 446.80. The target is at CHF 505.40.Arguments :
- The major resistance has been breached.
- Prices are breaking above the moving average, it is a sign of strength.
Geberit is a supplier of sanitary technology products. Co. develops, produces and distributes sanitary products and systems for the residential and commercial new construction and renovation markets. Co.'s product range consists of: the Sanitary Systems product area with the Installation Systems, Cisterns & Mechanisms, Faucets & Flushing Systems and Waste Fittings & Traps product lines; and the Piping Systems product area with the Building Drainage Systems and Supply Systems product lines. Co.'s products are sold through the wholesale channel to in more than 120 countries.
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