RS Group plc : Good timing for a technical rebound
By Rosanna Santana
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 270 | GBX 0 | GBX 258.8 | -100% |
The sales are expected to grow by 4% at the same time that debts are expected to decreases by 7% which is translated to a net income increase of 12%. Moreover, the P/E ratio at 16.1x represents an opportunity for investors.
Actually testing its support line at GBp 267.80, the timing is perfect for buying the stock at this level and waits for a rebound over the resistance GBp 275.70 and then the reach of the target price at GBp 285.90. This movement is leaded by the 50-week moving average, which is supporting the stock.