New World Resources : Towards lowest level
Entry price | Target | Stop-loss | Potential |
---|
GBX 295.4 |
GBX 0 |
GBX 290 |
+100% |
---|
New World Resources PLC is a hard coal and coke producer in Central Europe. The Company produces coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary.
Thomson Reuters’ analysts have revised downward the earnings per share both for 2012 and 2013. In add, they forecast a fall of net margin by 2014. These indicators are often precursors of a declining profitability and a worsening climate of investor confidence.
Graphically, we can see that the stock is in a bearish trend with decreasing moving averages, which serve as slant resistance. The security is moving towards the next support area at GBp 269 in daily data. If the share breaks down this level, active investors could take a short position towards GBp 188, lowest level recorded in 2008. A stop loss will be placed at GBp 290.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.