Restaurant Group : Bullish trend
Entry price | Target | Stop-loss | Potential |
---|
GBX 555.5 |
GBX 610 |
GBX 552.9 |
+9.81% |
---|
The Restaurant Group is still well oriented and is going to new highs.
The high levels of valuation shows the interest of investors for this security. Morover, analyst from Thomson Reuters consensus have revised upward their estimation of EPS for 2013 and 2014.
From a technical viewpoint, prices are well oriented in a bullish trend in the mid and long term. This positive trend is expected to go toward GBp 570, supported by 20-period moving average, in weekly data.
Therefore, investors will benefit from the signal given by the crossing of the GBp 570 resistance to take a long position in the stock. The objective will be set near GBp 610. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.
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