SaxoTV

Neighbour: Playing Sports Direct

237 views
June 11, 2015 eq, eq3, equities, equities 2014, equities in china, equities over valued, equities prices, equities saxo, equities strength, equities trading, equities v bonds, equitiy, equity, equity analyst, equity bubble, equity clients, equity correction, equity decline, equity falls, equity index, equity market, equity market 2014, equity market 2015, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity rise, equity risk premium, equity risk premiums, equity strategy, equity trades, equity trading, equity us, equity valuation, equtiies, equtiy, erq, joe neighbour, london, retail, retail banking, retail brokerage, retail china, retail industry, retail sales, retail trader, retailer, retailers, retailing, retails, retailsales, retracement, retracement gbpusd, return, return on capital, return on equity, return on investment, returns, saxo tv, sports, sports direct, trade idea, traders tale, tradingfloor.com
Joe Neighbour, portfolio manager at Central Markets Investment Manager, has spotted the improved performance of Sports Direct shares.    

After around a year of corrective moves lower, recent weeks have seen the shares begin to form a bottom with a series of higher lows. Yesterday the shares accelerated through resistance and made a new high on a relative basis to the FTSE100. 
Joe expects the stock price to follow.
Stop: 640 pence