Intu Properties plc : Running out of steam as opportunity
By Pierre Gilles de la Londe
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 337.5 | GBX 0 | GBX 323.5 | -100% |
From a fundamental viewpoint, analysts have recently sharply revised upward their EPS estimates. This situation could support a coming rise.
Following a bullish wave, the stock now shows a slight decline that led it in contact with the lower limit of its upward trend. On this level, remobilization of buyer flows would allow an uptrend in the short and medium term toward GBp 353.5.
Investor could open a buyer position on current levels to take advantage of a new upward acceleration in the direction of GBp 353.5. A stop loss is placed under the level currently tested.