LAMPRELL : An opportune reversal
By Sandra Pinturault
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 153 | GBX 0 | GBX 142.13 | -100% |
The group enjoys upward revisions in earnings per share and growth prospects. Moreover the company has a positive treasury, sign of a healthy situation.
Lamprell is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement.
In this configuration, a decrease seems unavoidable in the GBp 150 area. Investors could take a buy order on this level and get a good entry point to target the GBp 165.7 resistance, with a stop-loss below the medium term support.