earnings coming tomorrow (7th) and barcleys analysts are predicting a sharp decrease upon expected earnings looking to hold short here and see what happens tomorrow morning Happy trading!
Price is in a firm up trend despite retracing recently and in recent Kantar surveys showed the Co.'s market share decline 3.2% but stand at a respectable 10.4% with Tesco still in the lead at 28.2%. However, recent news for the Co. has been positive with the tie up with Amazon and their last set of earnings showing an increase in revenues. R3 230.14 R2 Intraday...
Price is in a firm up trend despite retracing recently and in recent Kantar surveys showed the Co.'s market share decline 3.2% but stand at a respectable 10.4% with Tesco still in the lead at 28.2%. However, recent news for the Co. has been positive with the tie up with Amazon and their last set of earnings showing an increase in revenues. R3 230.14 R2 Intraday...
Morrison Supermarkets has outperformed the FTSE 100 index by over 10% in the last 3 months. The shares are also outperforming their sector index in the same period. The shares have completed a base pattern on the weekly charts and look set to keep pushing higher over the medium to long term.
Prediction Buy TARGET 185 If it breaks the level of 181.20 then it can show upside movement for the target of 185 with the stop loss of 178.20. CHART FORMATION:- Stock is trading in a range and breaking its trendline will lead to upside movement. Stock is trading above the 50 DMA with positive bias. INDICATORS:- RSI is trading near to 61.95 level with...