Jupiter Fund Management Plc : GBp 435 resistance as line of sight
February 14, 2013 at 04:33 am
By
Entry price | Target | Stop-loss | Potential |
---|
GBX 347.7 |
GBX 0 |
GBX 320.1 |
-100% |
---|
The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging.
Technical patterns are in the green: prices are up for several months. The trend should continue in the coming trading sessions. The 20-day moving average should help to reach the GBp 435 long term resistance.
Investors could take a long position at the current price to target the GBp 435 long-term resistance. A stop loss should be placed below GBp 325.4.
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