Greencore Group plc : Price acceleration in sight
Entry price | Target | Stop-loss | Potential |
---|
GBX 325.6 |
GBX 0 |
GBX 313 |
-100% |
---|
Greencore Group could regain its upward trend after having ran out of steam.
The company has an excellent Surperformance rating that underlines the attractive valuation and the business predictability. The current share quote displays a +13% upward potential to reach the consensus average target price. Large growth rates are expected for sales and EBITDA.
Greencore Group shows a bullish configuration in the medium and long term. In weekly data, moving averages remain well-oriented. The current pattern shows a trend that remains very progressive, nevertheless, a contact upon the GBp 358 resistance brought back the stock on its short term support zone. This area is strengthen by the rising 100-day moving average.
Consequently, investors may open a long position at current prices and target a reversal toward the weekly resistance at GBp 351. A stop loss order should be set at GBp 313.
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