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Growth in Europe: Why I'm buying Euro stocks
Steve Lucas from 3c Analysis is looking to make a profit from the Euro Stoxx 50, which posted a two year-high yesterday. Euro shares have been
rising as investors continue to be encouraged by indications that Europe's economy is regaining
momentum.
Steve says we have seen two failed sell-offs over the last two trading days, but both these have been bought, and investors are now buying dips. He also warns that the risks are that the sentiment is overbought, there has been very low volume and that the latest French and German GDP figures are out on the open.
As a result, Steve is looking to buy on the open, for a stop at 2,828 and his targets are 2,880 and 2,893.
The Euro stoxx 50 index has jumed some 14 per cent since late June.
00:59 minutes
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