SGP – bullish chart

Retailer SGP has a bullish chart. It was up 4% today to 738p. Significantly, it has broken a resistance level of about 730p on high volume. Next resistance level is at about 1150p, so clearly a lot of upside here. Chart below.

Actually the chart is missing an important detail, in that it misses off today. Volume was over 2.5m shares traded. The Stockopedia chart captures this properly:

12m forecast rolling PE is 13.2, and its revenues are growing at double-digit rates.

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About mcturra2000

Computer programmer living in Scotland.
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