Marks & Spencer Group plc : Bullish trend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 390.6 | GBX 438 | GBX 386.74 | +12.14% |
Regarding the fundamentals, we note the increase of sales recorded over the previous year.
The security is in an upward trend for several months. A running out of steam is occurred with the contact of GBp 398.7 which is the highest recorded by this share. This movement is supported by the 20-day moving average and may stop any bearish sign. Exceeding the GBp 398.7 resistance will indicate a buy signal with a target price in the area of GBp 438.
Investors could take a buy position once prices will be above the resistance. A stop loss will be positioned under GBp 385.2.