Sage Group plc : Price acceleration in sight!
Entry price | Target | Stop-loss | Potential |
---|
GBX 586.5 |
GBX 0 |
GBX 572.5 |
-100% |
---|
The Sage Group could regain its upward trend after having ran out of steam.
The group benefit from upward revisions of EPS and growth prospects. Indeed, according to the consensus made by Thomson Reuters analysts, sales should progress one more time this year by almost 7%.
Graphically, buyers influence have been downsized. As the trend in the short term became bearish, the GBp 580 support should be a technical level used for a technical rebound. Moreover, the bullish trendline currently tested should help this scenario.
Investors should closely monitor the security near GBp 580.5, to take advantage of renewed upward acceleration in the direction of GBp 604 and the main target at GBp 636. A stop loss will be placed at GBp 572.5.
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Surperformance is Buy on SAGE GROUP PLC since 2024-06-24
.