Home Retail Group Plc : Positive above GBp 202
Entry price | Target | Stop-loss | Potential |
---|
GBX 198.1 |
GBX 215 |
GBX 198.7 |
+8.53% |
---|
Home Retail Group could reach its GBp 215 resistance.
The economic and financial situation of the company is still strong. All over the year 2013, EPS estimations have been revised upward by the analysts of Thomson Reuters consensus.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages and are evolving on the top. In weekly data, 20-week moving average helps the stock to keep its uptrend and to breakout the GBp 202 resistance in order to give the bullish signal.
According to both technical and fundamental elements, it seems opportune to take a long position above GBp 202. The bullish trend should allow the security to reach the GBp 215 resistance. A stop loss will be placed at GBp 198.7.
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