Lloyds Banking Group plc : The bullish impetus is not depleted
Entry price | Target | Stop-loss | Potential |
---|
GBX 69.41 |
GBX 0 |
GBX 66.95 |
-100% |
---|
Lloyds banking group shows a strong performance for several trading sessions.
From a fundamental viewpoint, company's profitability is very encouraging, the operating margin is expected to stand at 41.7% for this year and 44% for 2014.
Moreover, EPS have regularly been revised upward for this year by Thomson Reuters' analysts.
Graphically, indicators are in the green on all time scales and 20-day moving average is in support. That could lead the stock toward its short term resistance at GBp 73.3, level reached in 2010.
Thus, investors would buy the security at the current price to aim the GBp 73.3 area. A stop loss will be set under the GBp 69.4 pivot point.
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