Howden Joinery Group Plc : Supported by upward revisions
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 347.8 | GBX 392.1 | GBX 332.6 | +12.74% |
From a technical viewpoint, after a long term bullish trend, share prices suffered an important correction, but lately, the stock started to rebound. Well oriented weekly moving averages support the idea that the breakout of the GBp 352.3 resistance level will signal the resume of its ascending trend.
Therefore, a long position could be taken over GBp 352.3. The target will then be GBp 392.1. A stop loss will be placed under the entry point in case of a more important correction phase.