Glaxo Smith Kline PLC. Stock Code GSK.NYS
Outlook
Price broke above the cloud in the previous trading session after the price correction was supported by the cloud. Conversion line is also providing supporting to price at the moment. Lagging Span is below the price of 26 days ago but is above the cloud. MACD is bearish with its both lines below the zero line but could be turning up hinting at a possible price rally. We think price is likely to move higher to the previous high at $46.90in the next 2-3 weeks.
Strategy
$44.00 Buy
$46.90 Price Target
$42.10 Risk Management Stop
3 weeks Trade Duration
