J Sainsbury (SBRY.L) 26-02-20
Will J Sainsbury (SBRY.L) shares break below the 201p support zone, or will it return to highs of 235p (+15%)?
- Currently trading around the 201p support at 203.84p (at time of writing).
- The support has proven robust to date. Will the pattern repeat?
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Will the share price bounce once again to recent highs of 235p? (+15%).
- Technical traders should be mindful of news and developments. Check our website and the press for updates.
- Shares -15% from 12-month highs; +15% from 12 month lows.
Latest News
10:20: Berenberg has upgraded its rating on Sainsbury (J) (SBRY) to buy (from hold) and increased the target price to 250p (from 235p).
12 Feb: Sainsbury’s announced that its banking business’ chairman, Roger Davis, would leave his role. The search to identify a replacement is underway.
22 Jan: Sainsbury’s announced that Simon Roberts, the retail and operations director, would become the new CEO.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires