John Wood Group PLC : The share is well oriented
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 842 | GBX 950 | GBX 834.2 | +12.83% |
From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by + 19.7% on the current year.
The security is in an upward trend for several months. A running out of steam is occured with the contact of GBp 860 which is the highest recorded by this share. This movement is supported by the 20-day moving average and may stop any bearish inclinations. Exceeding the GBp 860 resistance will indicate a buy signal with a target price in the area of GBp 946.
Given these elements, most active investors could take a buy position and aim to cross the GBp 860 resistance for a new bullish signal to target GBp950.