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GRG

Greggs Still Holding At £20Last post: See link below. Review: Price experienced a deep pullback and came down to find support at £20. Update: Price is currently still holding at £20 which is proving to be a strong round number. Conclusion: We want to see price gather some strength and climb away from the round number and eventually break above the previous high. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:GRG
by Sublime_Trading
Greggs - Buying the dipBUY – GREGGS (GRG) Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company's products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop. Fundamentals The success story of Greggs is quite remarkable with the shares rising significantly over a 5-year period. The baker recently delivered an ‘exceptional trading performance’, total sales were up 14.7% and like-for-like sales were up 10.5%. The introduction of vegan sausage rolls has been a massive success and no doubt brought new customers to stores across the country. The recent decline looks like a decent opportunity to buy. Best Broker Target Price: 2300p (UBS 28/08/2019) Worst Broker Target Price: 1780p (Berenberg Bank 16/05/2019) Technical Analysis The long-term chart of Greggs shows a spectacular uptrend. The recent dips from the highs of 2496p has been uncharacteristic and could present a fantastic opportunity to buy. Corrections are normal for share prices and following this recent bout of profit taking the shares now look more attractive. The close above the 10EMA on the 28th August 2019 could be a signal of bullish momentum returning. A move back to the highs to reassert the long-term trend is expected. Recommendation: Buy Buy between 2000-2100p Stop: 1895p Target: 2495p
LSE:GRGLong
by Investamate
3
Greggs Experiencing A Deep PullbackLast post: July 28th 2019. See chart. Review: Price was trending up nicely and was above the 50 simple moving average. Update: Since then price has moved down through the 50 simple moving average and is heading towards the £20 round number. Conclusion: We need to see if any support levels will hold price and help it reverse back to the upside. Otherwise, we may still see further moves to the downside. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:GRG
by Sublime_Trading