The food, clothing and home goods retailer advanced, gaining 2.96%.
On a weekly basis, the stock is trending stronger than the FTSE 100. At the moment, therefore, investors’ appeal is more strongly directed towards Marks & Spencer than towards the benchmark index.
The medium-term status reaffirms the positive phase of Marks & Spencer. However, if analyzed in the short term, Marks & Spencer shows a less intense trend of the bullish trend at the test of the top of 3,658 pounds. First support at 3,536. The technical implications lean towards a bearish development in the short term towards the imminent bottom estimated at 3,455.
The indications are to be considered merely informational tools, and are in no way intended to constitute financial advice, solicitation to public savings or promotion of any form of investment.
(By the Teleborsa Research Office)