Greencore Group plc : Near the lower band of a trading range
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 352.8 | GBX 0 | GBX 346.8 | -100% |
Greencore Group shows a bullish configuration in the medium and long term. In weekly data, moving averages are well-oriented. The current pattern shows a trading range GBP 350/392 and the stock is currently near the lower band of this area.
Investors should closely monitor the security near the GBp 350, to take advantage of a renewed upward acceleration in the direction of the GBp 370. This area will be our first target price. The stop-loss will positioned under GBp 349.7.