SEGRO plc : An opportune reversal
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 423.1 | GBX 0 | GBX 412.8 | -100% |
Sales and EBITDA should deliver 2 digits growth. The share offer a good yield, over 3%.
The share has been evolving in the GBp 416.9/443.4 accumulation range for several weeks. The nearby GBp 416.9 pivot point acted many times as a support in the past. Moreover, rising moving averages such as the 100-day MA or the 20-week MA support the stock and should prevent any sharp drops.
Consequently, investors may open a long position at current prices and target a reversal toward the GBp 443.4 resistance area. A stop loss should be set at GBp 412.8.