Darty PLC : An opportune reversal
Entry price | Target | Stop-loss | Potential |
---|
GBX 106 |
GBX 0 |
GBX 99.8 |
-100% |
---|
Darty share is forming a technical rebound.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.23 times its sales, which is a correct valuation. Moreover, analysts have been revising upward EPS estimates for 2015.
Graphically, buyers influence have been downsized. As the trend in the short term became bearish, profit taking phase has lead the stock on the GBp 97 suppport. This level helped to form a technical rebound in order to reach the GBp 120 resistance in ensuing trading sessions.
The current area would represent an interesting level for buyers and hence target GBp 120.2. A stop loss will be fixed below the entry point to limit risks.
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