X5 Retail Group continues its bullish trend in order to test new highest level.

The firm enjoy an excellent Superformance rating which underlines the attractive valuation and the optimism of analysts, who revised positively their EPS estimates. Indeed, the consensus is strongly buyer and has set an average target price that is displaying an upward potential of 6.9%.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped as long as prices stay above the USD 17.8 short term support. This trend should allow the stock to reach its USD 21.05 long term resistance, which will be the first target price.

In consequence, investors can take a long position in X5 Retail Group in the event of a daily close beyond the GBp 19.5 threshold. Once initiated, the position should be protected by a stop loss set below the entry point.