Vectura Group : Come back to a significant threshold
Entry price | Target | Stop-loss | Potential |
---|
GBX 150.5 |
GBX 0 |
GBX 144.9 |
-100% |
---|
Vectura Group comes back upon contact with important technical levels that might give impetus to a rebound.
The group has a strong growth potential. Indeed, according to Thomson Reuters consensus, sales are expected to sharply increase about 219% by 2018.
Technically, the security is in a consolidation area limited by the significant GBp 146.6 support and the GBp 188.5 resistance. Above the lower limit, investors could aim a rebound toward the first resistance at GBp 160.7.
Ideally, investors will open a long position nearby the GBp 146.6 support currently tested, in order to benefit from a technical rebound. The GBp 160.7 is the first goal. This strategy should be covered by a stop loss placed under the GBp 146.6 support because a breakdown of this level would invalidate it.
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