Currently trading within a year-long base/consolidation range, Growthpoint Properties (GRT) has developed a golden cross technical signal whereby the 50-day Simple Moving Average (SMA) crosses above the 200-day Simple Moving Average (SMA). This suggests a potential change in trend and an acceleration on the short term time frame. BUY.
Trade Levels:
Current Price: 1411c Entry (Range): 1400-1415c Stop-loss: 1345c (-4.6%) Targets: 1575-1620c (+11 to +14.6%)