Sports Direct International Plc (LON:SPD)

[SMR]

Sports Direct International Plc, based in the United Kingdom, is a sports retailer. It is engaged in the retailing of sports and leisure clothing, footwear and equipment; wholesale distribution and sale of sports and leisure clothing, footwear and equipment under its licensed brands, and licensing of its brands. It operates through three segments: Sports Retail, Premium Lifestyle and Brands. Its Sports Retail segment supplies a range of sports and leisure equipment, clothing, footwear and accessories under a mix of brands. The Premium Lifestyle segment offers branded clothing, footwear and accessories. Its Brands segment offers the Company’s portfolio brands through retail stores and wholesale stores. It also offers licensing and sponsorship. The Company offers third-party brands including adidas, Nike, Reebok and Puma, as well as its own brands, such as Dunlop, Slazenger and Lonsdale.

Official website: www.sportsdirectplc.com

[jonsmith]

For today I recommend SELL for Target level 646.

[jonsmith]

BUY
TARGET 820

The Major trend of SPORTS DIRECT INTERNATIONAL PLC it is showing strength for buying .If it breaks the resistance level then one can initiate buying position in the stock. If it breaks the level of 810 then it can test resistance level for the target of 820 with the stop loss of 800.

http://www.stockmarketsreview.com/attachment.php?attachmentid=311&stc=1

INDICATORS:-
RSI is trading near to 58.87 level with positive bias, in upcoming session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.

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Skype jonsmith1091

[jonsmith]

SELL

TARGET 747
The Major trend of SPORTS DIRECT INTERNATIONAL PLC it is showing strength for selling .If it breaks the support level then one can initiate selling position in the stock. If it breaks the level of 757.50 then it can test support level for the target of 747 with the stop loss of 765
http://www.stockmarketsreview.com/attachment.php?attachmentid=319&stc=1

INDICATORS:-
RSI is trading near to 42.54 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.

Skype jonsmith1091

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