J Sainsbury (SBRY.L) 15-04-20
Will J Sainsbury (SBRY.L) shares break below the 201p support, or return to highs of 235p (+18%)?
- Currently close to the 201p support at 198.8p (at time of writing).
- This has been identified for ostensibly strong support level. Traders should consider whether they think it will hold up again.
- Will the price bounce again to recent highs at 235p? (+18%).
- Technical traders should consider potential news and developments. Check our website and the press for updates in future.
- Shares -15% from 12-month highs; +13% from 12 month lows.
Latest News
30 Mar: Credit Suisse reiterates its outperform rating on Sainsbury (J) (SBRY) and increased the target price to 285p (from 280p).
24 Mar: HSBC has upgraded its rating on Sainsbury (J) (SBRY) to hold (from reduce).
18 Mar: Shore Capital has upgraded its rating on Sainsbury (J) (SBRY) to buy (from hold).
18 Mar: J Sainsbury, the supermarket group, announced that it welcomed the United Kingdom government’s action to give businesses a rates ‘holiday’ over the next year.
16 Mar: Jefferies International has upgraded its rating on Sainsbury (J) (SBRY) to buy (from hold).
02 Mar: Bernstein has upgraded its rating on Sainsbury (J) (SBRY) to outperform (from market perform).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires