Greencore Group plc : On a relevant threshold
Entry price | Target | Stop-loss | Potential |
---|
GBX 339 |
GBX 0 |
GBX 329.9 |
-100% |
---|
Good fundamentals and an important support militate for along strategy.
The company enjoys an excellent Surperformance rating that underline the current valuation and the business predictability. The present share price displays a 5% upward potential to reach the consensus average target price. Large growth rates are expected for sales and EBITDA.
Technically, following a bullish wave, the stock has been evolving in a tunnel limited by the GBp 334.5/358 thresholds. The share is presently on the GBp 334.5 support and also on the 50-days moving average. In weekly data, MA remains well oriented. This key area could be a stepping stone for a forthcoming surge.
Consequently, investors may open a long position at current prices and target a reversal toward the GBp 358 resistance.
A stop loss order should be set at GBp 329.9.
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