The technical rebound of Home Retail Group should be stopped in the coming trading sessions.

The firm enjoys an excellent Surperformance rating which underline the earning quality and the attractive valuation. The consensus is mainly buyer with an average target price displaying a +12% potential.

Graphically, the security is trading in a bearish trend. In the short-term, the stock has rebounded on the GBp 149.9 support area toward its mid-term resistance. A consolidation phase is taking place within the GBp 160.5/173.4 range. This latter should allow the security to break out the upper limit and keep rising above that level.
Consequently investors may open a long position in the event of a daily close above the GBp 173.4 threshold. Once initiated the position will be protected by a stop loss order set at Gbp 167 and the main target will be the GBp 188.5 pivot point.