Keller Group plc : The bullish trend is not over
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,000 |
GBX 0 |
GBX 938 |
-100% |
---|
Keller Group is trading in a bullish trend and several arguments argue for the continuation of this trend.
The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging and the debt is decreasing rapidly (the leverage is reducing at 0.56).
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
Thanks to these good indicators, it seems relevant to take a long position in Keller Group at the current price. The target price is the GBp 1128 weekly resistance. A stop loss will be set under the GBp 944 short term support because a breakdown of this level would damage technical pattern.
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