Severn Trent Plc : A trading opportunity
Entry price | Target | Stop-loss | Potential |
---|
GBX 2,172 |
GBX 0 |
GBX 2,125 |
-100% |
---|
Take advantage of the bullish trend forming.
The group enjoys upward revisions in earnings per share and growth prospects.
Graphically, buyers influence have been downsized. As the trend in the short term became bearish, profit taking is part of a rebound on GBp 2165 and therefore does not affect the upward trend in the medium and long term.
Dropping prices could be considered as an opportunity on the GBp 2165 area, it would represent an interesting level for buyers and hence target GBp 2280. A stop loss will be fixed below the entry point to limit risks (GBp 2125).
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