Tuesday, 11 November 2014

London Stock Pick of the Day : St. Jame's Place Plc

Stock Pick of the Day

The primary trend of St. Jame's Place Plc is bullish and it managing to sustain at higher level with positive bias. Stock is managing to consolidate near to resistance level crossing of the resistance can show northward journey. One can initiates the long position in the stock above the level of 755 with the stop loss of 730 for the target of 795.

Stock is showing consolidation and sustain at higher level with positive bias.
It's 50 DMA has given the break out above 200 DMA which is indicting strength in the stock.
Technical Chart
RSI is trading near to the level of 50 and showing consolidation, Breaching of the resistance level can manage to test the level of 70.
In ADX, Positive DI is placed above negative which is indicating strength for buying.
Macd & Signal line is about to give break out above Zero level line which is indicating strength in the stock.