Persimmon Plc : Healthy bullish trend
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,223 |
GBX 0 |
GBX 1,190 |
-100% |
---|
Persimmon' stock is well oriented and may reach its annual high in the coming trading sessions.
The security has benefited and continue to benefit from upward revisions in earning per share estimates for 2014 (almost +30% since January). Further, the annual growth rate is estimated above 10% for the three coming years.
Graphically, the trend is bullish in the medium and long term. The stock is supported by the 20-week moving average and a bullish trend line. Thus, a long strategy can be implemented, in order to benefit from the uptrend. The timing seems perfect thanks to the proximity of the GBp 1213 short-term support and the 50-day moving average.
A long position can be opened at the current price in order to aim GBp 1305. A stop loss must be placed below the GBp 1213 short term support.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.