RPC Group Plc : Still a great upward potential
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 603.28 | GBX 650 | GBX 598.2 | +7.74% |
From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus regularly revised upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term.
From a technical viewpoint, the security is trading in a bullish trend on different time scales. Increasing moving averages portend there will be no reversal in the coming trading sessions. This growth should help to reach soon the GBp 606.5 long term resistance.
According to both technical and fundamental elements, it seems opportune to take a long position above GBp 606.5. The bullish trend should allow the security to reach the GBp 650. A stop loss will be placed under the GBp 600 to avoid a downtrend.