Informa PLC : Solid growth of the stock
Entry price | Target | Stop-loss | Potential |
---|
GBX 670 |
GBX 700 |
GBX 659.8 |
+4.48% |
---|
Informa is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging.
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions.
According to both technical and fundamental elements, it seems opportune to open a long position beyond 670 GBp resistance. If the stock crosses it, a new target price will be set and should allow the security to reach the GBp 700 area. A stop-loss will be placed under the GBp 660 trend-line to avoid a downtrend.
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