supermarket

Clear breakout for Tesco last week. Needs to convincingly break 252p before the trend is completely reversed.

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.