Delhaize Group : Support and MA as arguments
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€83.8 | €0 | €81.8 | -100% |
The positive reviews from analysts in recent months confirm the correct orientation of the stock.Indeed, they adjusted upwards their earnings perspectives of over 10% since January.
Technically, the stock has entered a phase of technical indecision between EUR 82.6 and 89.3. This pause in the bullish trend offer a new entry point in order to reach the recent highs. Indeed, in the current area, the short-term support and the 50-day moving average will help to reach the mid-term resistance.
In consequence, investors could buy the stock at current prices with the EUR 89.3 as the main target. They will set a stop-loss order below EUR 82.