RELX PLC : Wait the breakout of the resistance
Entry price | Target | Stop-loss | Potential |
---|
GBX 843.5 |
GBX 896 |
GBX 843 |
+6.22% |
---|
Reed Elsevier shows a strong performance for several trading sessions.
Regarding the fundamentals, we note the high return on equity (ROE) of 51.7%, sign of a good capacity to generate profit.
The security is in an upward trend for several months. This movement is supported by the 20-day moving average and may stop any bearish inclinations. Exceeding the GBp 853.5 resistance will indicate a buy signal with a target price in the area of GBp 939.
Exceeding the technical line at GBp 853.5 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of GBp 896 (swing effect). A stop loss should be placed bellow the entry point.
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.