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Wednesday, 12 October 2016

WM Morrison’s recovery could see the share hit 260p before Christmas: ProactiveInvestors Stocktube

Published on Oct 12, 2016
WM Morrison has seen something of a turnaround over the past year, Zak Mir highlights as he puts the UK supermarket’s share price chart under the spotlight.

The FTSE 100 constituent looks like it could rise to around 260p in the one to two months, Mir says in a Tip TV segment for Proactive Investors.

Looking at the chart, Mir notes that the price recently bounced off its 200-day moving average, an event he says give the share positive momentum.

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