Apr Energy PLC : Trading opportuniy
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 959 | GBX 0 | GBX 932 | -100% |
The growth perspective of the company are important : the revenue is expected to double in the next 3 years. This year, the group is expected to become positive in term of earnings with a net margin of around 20%.
Apr Energy is moving inside a large trading range 946/1097 GBp and now back to the low level of this area and that could help to aim the upper band. In weekly data, moving averages are well-oriented. Prices have just begun a consolidation phase and the proximity of the GBp 946 will be the most argument to buy the stock.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Apr Energy. The objectives will be set at GBp 1038 and by extension GBp 1097. The stop loss will be triggered below the GBp 946 support.