The stock is trading in a recovery phase and is consolidating with the positive bias from the last few trading sessions. Further, the stock is sustaining above its 50 and 200 days moving averages, and the stock is likely to continue the upside movement with the crossing of the resistance level of 265, where one may expect the targets of 271 and 275 with the stop loss of 259
Tuesday, April 21, 2015
Mcleod Russel Buy Above- 265 Stop loss - 259 Targets - 271,275
The stock is trading in a recovery phase and is consolidating with the positive bias from the last few trading sessions. Further, the stock is sustaining above its 50 and 200 days moving averages, and the stock is likely to continue the upside movement with the crossing of the resistance level of 265, where one may expect the targets of 271 and 275 with the stop loss of 259
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