Bayer AG: top-ranked buy signal, but the confirmation week calls for caution

Bayer AG opens week 1 of a buy signal and immediately takes the top spot among the 62 open buys for European-UK stocks, with a signal strength of 89 out of 100 and a trade already up 13.53%. The confirmation week closed higher, but our model reads underlying technical weakness and recommends a cautious trim on part of the position.