Marks and Spencer Plc. +11% on FY Guidance Raised. Take Profit MKS shares gaining 11-12% this Friday as FY guidance raised. Traders could use advance to book profits into the weekend.
Original idea attached (13/08).
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About MARKS & SPENCER GROUP ORD GBP0.01
Marks & Spencer Group Plc engages in the retail of clothes, food, and home products. It operates through the following segments: UK Clothing and Home, UK Food, International, Ocado, and All Other. The UK Clothing and Home segment retails womenswear, menswear, lingerie, kidswear and home products. The UK Food segment includes the results of the UK retail food business and UK Food franchise operations. The International segment is composed of Marks and Spencer owned businesses in Europe and Asia and the international franchise operations. The Ocado segment represents the group's share of profits or losses from the investment in Ocado Retail Limited. The All Other segment covers other business activities and operating segments, including M&S Bank and M&S Energy. The company was founded by Michael Marks and Thomas Spencer on September 28, 1884 and is headquartered in London, the United Kingdom.
Trade Setup: Buy/Long Marks & Spencer Plc (MKS)Double trend line resistance cleared
Daily 50-EMA and 200-SMA cleared
14-day RSI testing resistance, possible breakthrough
Trade Levels: Buy at current levels, 148.00 or better
Stop: 139.00
Target: 164.00
Marks and sparks undervalued M&S have had an unfortunate ride with the sudden exit of their CEO followed by Covid-19. Nonetheless, we are trading far below its intrinsic value.
As seen we are reaching the final quarter of our descending channel as well as nearing a return to normality from the Corona virus. We can reasonably
Marks and SpencerBased on my previous Idea, to close the gap with Tesco and Morrisons, M&S should go upward.
Target Price 105.00
Marks & Spencer inverse head and shouldersThe stock is forming an inverse H&S pattern, with divergence on RSI. Good neckline, for final confirmation need an impulsive break. Stop below the shoulder and target the trend line retest.
Good Luck!
M&S 30-40 day trade - my first published IdeaM&S
Been the back bone of UK retail store fronts for a life time, has been in general decline for the last 15 years. It has many of the features of an attractive short:
legacy, disrupted (not disruptive) business model
shrinking revenues
not much evidence of any economic/competitive moat
low marg
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
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