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Foxtons Group - Out fox the rest and tuck this away

LSE:FOXT   FOXTONS GROUP PLC ORD 1P
Buy Foxtons Group ( FOXT )

Foxtons Group plc is a United Kingdom-based company, which operates as an estate agent. The Company and its subsidiaries are engaged in the provision of services to the residential property market in the United Kingdom. It operates through three segments: Sales, Lettings and Mortgage Broking.

Market Cap: £229.7Million

Foxtons has had a strong move higher in recent months from lows of 48p in October to reaching 92.5p in December 2019. The shares have been consolidating since reaching those highs and appear to be forming a pennant pattern on the daily chart . Today we have seen in an increase in buying volume and the shares to be on the verge of breaking the pattern, which should lead to a continuation higher. The safer trade is to wait for the break to happen on a closing basis, but for those with more appetite for speculation, you could buy here in anticipation of a break higher.

Stop: 78.7p
Target 1: 92.5p
Target 2: 100p
Target 3: 128p


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