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entropycapital
May 13, 2020 5:48 AM

VOD : close to breakout Long

VODAFONE GROUP ORD USD0.2095238LSE

Description

Vodafone has kept if dividend unch giving it (for now) a high single digit div yield which is pretty decent in a zero rate world. The range 125-135p is critical for a breakout. Don't expect stellar returns given utility status and African exposure but a possible re-rating of the stock given post covid-19 realities is possible - one to watch.

Trade active

Stay long - next level to watch 140p
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