The Belgian Delhaize group returned close to relevant technical levels in order to open long positions.

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.