Howden Joinery Group Plc : Near a pertinent support
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 466.4 | GBX 0 | GBX 448.5 | -100% |
According to Surperformance© ratings, the company offers an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2014 and the enterprise valuation conciliates with its visibility.
Technically, the security is in a negative configuration in the short term as the bearish trend of the 20-day moving average, currently at GBp 478.1, shows. Nevertheless, the stock seems in an oversold situation, near to its GBp 456 support in daily data. This level might stop the bearish trend in the short term.