#SaxoStrats: Long BASF as Europe growth rebounds
Shares of BASF, the largest chemical producer in the world, have tailwind from the lower euro, the growth rebound in Europe and lower oil prices. The stock is experiencing strong momentum – rising 27% in the past year.
Management and risk description
Entry: Buy at market.
Time horizon: 1 month.
BASF weekly share price since IPO in 2013
— Edited by Oliver Morrison