Currys plc : A potential reversal
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 413.3 | GBX 0 | GBX 402.2 | -100% |
Fundamentally, the consensus’ opinion is strongly on the buy side. Moreover, the share has a +18% potential to reach the consensus average price target.
Technically, the share is near the GBp 409.5 short term support after a fall from the GBp 464.5 pivot point. Moreover the security is currently below its 20-days and 50-days moving averages. In this graphical configuration, investors can legitimately hope a rebound and target the GBp 426.7 as a first goal. The second target will be the GBp 449.
A stop loss should be set at GBp 402.2.