WH Smith PLC : The GBp 606.5 support as an opportunity
January 21, 2013 at 09:13 am
By
Entry price | Target | Stop-loss | Potential |
---|
GBX 615.5 |
GBX 0 |
GBX 567.75 |
-100% |
---|
The upward trend could come to support WH Smith in the coming sessions.
The group enjoys upward revisions in earnings per share during the last months.
Following a bullish wave, the stock now shows a slight decline that should lead towards its GBp 606.5 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.
A decline seems possible on the GBp 606.5 area. It could be a basis for a purchase to target GBp 651. A stop loss will be fixed below the entry point to limit the risk.
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