Greencore Group shows relatively strong fundamentals and is coming back to attractive price.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements and has a great business predictability. The upward potential to reach the consensus average target price is about 22%.

After several weeks of horizontal fluctuations within the mid-term range GBp 296.9 / GBp 358, the stock is coming back close to the lower limit of the range. Moving averages are flat and technical indicators illustrate the oversold situation. The GBp 297 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the GBp 316 mid-term resistance and then the long-term target price is GBp 358.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Greencore Group with a good timing. The potential gain is 6.8%. Investors might place a stop loss order at GBp 287 in order to avoid important losses.