Hilton Food Group plc : Back on its bullish trend?
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 505 | GBX 0 | GBX 487 | -100% |
According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2014 and the enterprise valuation conciliates with its visibility.
After several weeks of horizontal fluctuations within the mid-term range GBp 496.25/600, the stock is coming back close to the lower limit of the range.
Moving averages are flat and technical indicators illustrate the oversold situation. The GBp 496.3 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the GBp 549 mid-term resistance and then the long-term target price is GBp 600.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Hilton Food Group with a good timing. The potential gain is around 8.7%. Investors might place a stop loss order at GBp 487 in order to avoid important losses.