(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected SODEXO for active investors.
KEY GRAPHIC ELEMENTS
The stock of the specialist in collective catering, among other services to businesses, is showing impressive resistance compared to the rest of the market. A rare capitalization to remain camped above a still bullish 50-day moving average, the stock has regained a significant graphic level around 82.50 euros, without passing through the overbought box in the sense of the relative strength index.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on SODEXO stock in the short term.
Active investors will take a long position on SODEXO shares at €86,150 with a target of €100,000 in sight. They will protect their capital by placing a stop at €81,700.
The News Bulletin 247 council
DAILY DATA CHART
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