Tuesday, 10 February 2015

London Stock Pick for Tuesday, February 10 2015


Technical analysis of the London Stock Pick of the Day Jupiter Fund Management
Jupiter Fund Management Plc
RECOMMENDATION BUY
TARGET 396
The Major trend of Jupiter Fund Management Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 386.50 upside then it can show upside movement for the target of 396 with the stop loss of 378.



 
CHART FORMATION:-
Stock is expecting for breakout of level line and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 200 & 50 DMA with positive bias.

UK stock pick of the day technical Chart and analysis : Jupiter Fund Management
Technical Chart

INDICATORS:-
RSI is trading near to 62.21 level with positive bias, in upcoming session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.