William Hill : We anticipate a recovery
Entry price | Target | Stop-loss | Potential |
---|
GBX 424.8 |
GBX 0 |
GBX 408.6 |
-100% |
---|
Take advantage of the comeback near the GBp 415 support.
The fundamentals support the stock with a gradual upward revision of earnings per share by analysts. Concerning 2013, the EPS has been revised by 10% upward since March.
William Hill is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level. This threshold, if preserved, will enable to benefit from a bullish movement towards the next resistance level (GBp 458).
In this configuration, a decrease seems unavoidable in the GBp 415.2 area. Investors could take a buy order on this level and get a good entry point with a stop below the medium term support.
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