Jupiter Fund Management Plc : GBp 443.5 to buy
Entry price | Target | Stop-loss | Potential |
---|
GBX 450.7 |
GBX 0 |
GBX 438.9 |
-100% |
---|
Jupiter Fund Management could reach its GBp 468 resistance.
The company’s fundamentals remain strong. Sales are expected to increase by +4.5% this year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates over the last 6 months.
From a technical viewpoint, the security is trading in a bullish trend in all horizon. Increasing moving averages let think there will be no reversal in the coming trading sessions, moreover the 50-day rising one should help the stock to come back on its recent highs (USD 469.8).
Therefore, taking into account the strong fundamentals and technical patterns, a long position will be privileged. The first target price is the GBp 470 resistance. A stop loss will be placed under the GBp 443.5 short term support, threshold that would invalidate this trading strategy.
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