Spectris plc : On its lower trend line
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 2,195 | GBX 0 | GBX 2,090 | -100% |
The firm enjoys a very good Surperformance ratings that underline the earnings quality, the business predictability and its profitability. The present price shows a +5% potential to reach the consensus average target price.
Technically, the share keeps an upward bias by evolving in a bullish channel. Currently on its lower trend line, the stock is supported by 100-day and 100-week moving averages. Those threshold strengthen this area as a stepping stone for an upcoming surge.
Consequently, investors may buy the security at current prices and target a reversal toward the short term resistance. A stop loss should be set at GBp 2090.