Monday, January 17, 2011

German energy providers are on the buy list again

After eight month of continious falling quotes the two energy providers in the DAX turned their direction.These two as opposed cyclic considered stocks are getting often more interesting when the air gets thinner for the rest.
The cooperation is using his market leader position to squeeze out his costumers like a lemon and announced further price increases in the nearer future.Of course thats all good news for the stock quote.
I recommend the stocks of RWE for my readers,but would suggest to watch them for a while before you buy,it's likely that they retrace under 52,50€ before continueing their way up.
The stocks had been at 53,27€ last friday and have potential at least up to 68€.

Isin of RWE: DE0007037129

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