William Hill : Bet on bullish trend
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 282.3 | GBX 0 | GBX 274.8 | -100% |
The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Debt is decreasing rapidly and the leverage is reducing at 1.37x. The share is trading 10 times its earnings estimates for this financial year, which seems low valuation.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the GBp 276 short term support.
According to both technical and fundamental elements, it seems opportune to take a long position at the current price with a long-term strategy. The bullish trend should allow the security to come back toward the GBp 350 resistance. A stop loss will be placed under the GBp 276 short term support to avoid a downtrend.