Superdry plc : Strong financials support the rise
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,431 |
GBX 0 |
GBX 1,335 |
-100% |
---|
Sound financials estimates and a dynamic performance militate for a long strategy.
The firm enjoys an excellent Surperfomance which emphasize the revenue growth, the sound finances and the business predictability. None analyst is on the selling side. Financials forecasts are encouraging as sales and EBITDA should display 2 digit growths.
Technically, the share keeps a bullish trend in the short and in the mid-term. In the long run, the tendency is more neutral. Moving averages remain well oriented, especially the daily one which support prices in their rise. The next important threshold will be the GBp 1485 resistance.
Consequently, investors may open a long position in the event of a daily close above that level. The main target will be the weekly resistance at GBp 1707. A stop loss order will be set at GBp 1335.
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