SSE plc : A rebound in sight
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,498 |
GBX 0 |
GBX 1,427.5 |
-100% |
---|
The GBp 1470 support, currently tested, should allow SSE to rally again.
The valuation of the company is attractive, with a P/E ratio of 12.4x in 2015 and an EV/ Revenue of 0.72x. Moreover, analysts who are covering the stock are revising strongly upward their EPS estimates.
Graphically, the security is in an oversold situation, it fell sharply in the late sessions. Those bearish fluctuations brang it on the GBp 1470 support and the ascendant trendline, thresholds that are likely to allow a significant technical rebound.
Thanks to technical patterns and strong fundamentals, active investors can take a long position on the stock. The goal will be set at GBp 1555, and a stop loss will be placed under the current support.
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