ASOS shows a strong performance for several trading sessions.
From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by + 33.5% on the current year, with a net margin of 5.43%. Analysts widely revised upward in recent times their revenues estimates, which is a reliable indicator reflecting the company's health.
From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. This positive trend is expected to go toward GBp 5700 which the breakout will give a buying signal.
Taking into account all these elements, investors could buy the stock above the resistance of GBp 5700. The target price will be set above at GBp 6500, corresponding of the bullish trend line. A stop loss will be fixed below the entry point, around GBp 5550.
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ASOS Plc is a United Kingdom-based global fashion retailer. The Companyâs segments include the United Kingdom, Europe, the United States and the Rest of the World. It has approximately 17 own brands, including ASOS Design, ASOS Edition, ASOS 4505, ASOS Luxe, As You, Collusion, Topshop Topman, Miss Selfridge, HIIT, Dark Future, Unrvlld Spply, Crooked Tongues, Day Social and Actual. The Company sells products across the world and has Websites targeting countries that include the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark and Poland. The Companyâs warehouse network includes four fulfillment centers and five returns centers, enabling them to provide next day delivery to the majority of its global customer base. Its Barnsley and Lichfield warehouses service both the United Kingdom and Rest of World territories, with Eurohub servicing Europe and Atlanta servicing North America.