Relx NV : Trading opportunity
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€14.95 | €0 | €14.3 | -100% |
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of EUR 0.77 per share for the current year.
Following a bullish wave, the stock now shows a slight decline has lead the share towards its EUR 14.7 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.
In this configuration, a rebound seems unavoidable in the EUR 14.7 area. Investors could take a buy order on this level and get a good entry point with a stop below the medium term support. Objectives will be fixed first at EUR 15.25 and then EUR 15.8.