Moneysupermarket.com Group PLC : A correction in sight
By Anas Boumedian
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 273.2 | GBX 0 | GBX 282 | -100% |
The stock price is 9.1% higher than the average target price set by analysts, which is likely to lead to some profit taking.
Technically, since several months, the stock has initiated a sharp bullish trend. Prices are now on contact with the GBp 273.7 resistance, which is likely to stop bullish fluctuations and entail a pull back towards the GBp 253.4 pivot point.
Investors could take a short position in order to target a return on GBp 253.4, protecting the strategy above the GBp 273.7 resistance.