SaxoTV

Neighbour: Playing Sports Direct

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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