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Home / Trade Alert / Buy – Worldpay (WPG)

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Buy – Worldpay (WPG) - 29 March 2017

Trade Parameters

  • Opening Price: 294.6p
  • Stop Loss: 284.5p (10.1p/3.4% below)
  • Profit Limit: 320p (25.4p/8.6% above)
  • Reward vs Risk: 2.5x
  • CFD Margin: 5%

Observations – For

  • Breakout to 5-month highs
  • Bullish patterns; inverse H&S + flag
  • Stochastics holding overbought = bullish
  • Point & figure chart breakout

Observations – Against

  • RSI and Stochastics technically overbought
  • Momentum dropped
  • ADX (trend strength) flat
  • Moving average support now well below

Analyst Comments

Breakout from bullish technical patterns. Shares rebounded strongly since FY results. Feb private equity share sale reduces overhang. Fundamentals for cashless payments are sound.

Consensus is very bullish on the stock and it is one of the few on the UK Index with zero sell ratings. Note over 80% of broker targets suggesting upside from current levels, and consensus of 329p is above our trade objective, implying potential to post fresh all-time highs.

Next Event: H1 Results, 8 Aug

Latest Broker 12-Month Consensus:  68% Buy, 32% Hold, 0Sell (full breakdown on request)

Source: DowJones Newswires, Reuters News, Bloomberg  or Company Press releases

Broker Ratings & 12-Month Target Prices (Bloomberg)

18-month (daily) - MACD, Stochastics, RSI, Momentum, Directional Indicators

Share 1wk 1m 3m 6m 1yr 2yr 3yr 4yr 5yr
Perf % 0.5 8.5 10.2 0.7 7.9 n/a n/a n/a n/a
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