DLY MAIL & GEN TRUST : An opportune reversal
By Arnaud Le Berre
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 778 | GBX 0 | GBX 765 | -100% |
The group enjoys upward revisions in earnings per share and growth prospects.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline has led the share to the GBp 770 support. Therefore, a technical rebound will fix an objective near the GBp 804 short-term resistance. The 20-week moving average should help the stock to bounce.
Investor should watch the security close to GBp 770 to take advantage of a new upward acceleration in the direction of GBp 804. A stop loss is placed under GBp 770.