Headlam Group plc : Upon contact with significant supports
Entry price | Target | Stop-loss | Potential |
---|
GBX 397 |
GBX 420 |
GBX 384.6 |
+5.79% |
---|
Headlam Group might rebound on the significant threshold currently tested.
In terms of valuation, the enterprise value represent 0.5 times sales which represent an attractive valuation. Moreover, the Earning Per Share is excepted to grow by 54% between 2013 and 2014 at 27.6 from 14.9.
The area of the GBp 393 support should enable the stock to have a new bullish trend. The long term support in this area confirms its relevance. Technically, above these levels, 4-traders analysts are optimistic and count on a return toward the short and mid-term resistances at GBp 419 and then GBp 442.
As a result, active investors can take immediately a long position in Headlam Group thanks to the close proximity of the GBp 393 support area. The target price is GBp 419 and in case of breakout of this level, the second target price would be GBp 442 for dynamic investors. If there is a breakdown of the GBp 393 support, investors should close their positions.
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