Daily Mail and General Trust’s share price was heavily penalized and is now in an oversold situation near to a solid support area.

The group owns strong fundamentals. It offers nice profitability and significant growth potential. The reuters consensus average target price displays a 38% potential increase within a few months.

Daily Mail and General Trust has been recently oversold because it was getting closer to its GBp 980 long term resistance. Thus, the stock could find new energy by making a technical rebound. Therefore, the stock would rise towards the GBp 878 resistance. This is why investors could open long positions and aim the GBp 878, ie a 11% increase. This investment strategy will require a stop loss below GBp 790.5 long term support.