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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Home Retail Group Plc       GB00B19NKB76

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Analysis summary4-Traders Strategies

Breakout of the GBp 136.6 resistance

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02/21/2013 | 10:42am

After a 3 years decrease, Home Retail Group is initiating a rebound since June 2012 after the publication of the first quarter of 2012 is not as bad as forecasts.

The fundamental qualities of the group are attractive as evidenced by the upward revisions of earnings per share and revenue estimations. Moreover, the "enterprise value/sales" ratio is very low for 2013 (0.14x).

The stock initiated a rebound since June 2012. Indeed, it bounced twice on the GBp 69.8 support level, and is now in a bullish trend. The security is supported by increasing moving average in daily data, and has just exceeded the 100-week moving average. This configuration should help the stock to breakout the GBp 136.6 resistance, and to comeback to its GBp 141 long term resistance then GBp 165.

Taking into account all these elements, investors could buy the stock at the current price. The first target price is set at the GBp 141. A stop loss will be set below the GBp 136.6 resistance, threshold that would invalidate the strategy.


© Zonebourse.com 2013
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Company
Retails home and general merchandiseHome Retail Group Ltd. operates as a home and general merchandise retailer.It offers products and services through its two major brands namely, Argos and Homebase.It operates its business through two segments: Argos and Financial Services.The Argos segment offers... 
Sector
Home Improvement Products & Services Retailers
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