Phiadvisor's Enter Long signal on Haulotte (PIG-FR)

We had an Enter Long signal on March 3 thd 2021, triggered by our system on Haulotte Group (PIG-FR), the French capital goods company.

Haulotte is a € 210 Mn market cap and one of the world leaders in lifting equipment for people and loads. The group manufactures and markets a wide range of products, including aerial work platform and telehandler. The group's activity is split between 1/ equipment for lifting people: articulated boom lifts, scissor lifts, light self-propelled lifts, telescopic lifts, vertical masts, towed lifts and push-around products; 2/ telescopic handlers: compact ranges, large heights and large tonnages.

Haulotte is a cyclical company linked to France GDP growth, and the construction market. The company is expected to recover sharply in 2021, including a €500m revenue coupled with a €10m net profit. The operating margin should benefit from cost cutting actions and volume growth, to boost its operating leverage.

Short term catalyst : Reopening of the economy, reflation.

This signal looks consistent with the Industrial sector in Major Bullish Trend.