Intu Properties PLC (LON:INTU)

[SMR]

Intu Properties PLC, formerly Capital Shopping Centres Group PLC, is a Real Estate Investment Trust (REIT). It is a developer, owner and manager of pre-eminent United Kingdom regional shopping centers. The Company's assets consist of five super-regional centers, which include the Trafford Centre, Lakeside, Metrocentre, Braehead and Cribbs Causeway. The Company's assets also consists of town and city centers, which includes Arndale, St David’s, Eldon Square, Watford, Victoria Centre, Midsummer Place, Chapelfield, Uxbridge, Potteries and Bromley. The Company’s subsidiaries include Belside Limited (property) (Jersey), Braehead Glasgow Limited (property), Braehead Park Investments Limited (property), Braehead Park Estates Limited (property), among others.

Official website: www.intugroup.co.uk

[jonsmith]

BUY
TARGET 340

The Major trend of INTU PROPERTIES PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 337then it can test resistance level for the target of 340 with the stop loss of 334.



INDICATORS:-
RSI is trading near to 58.08 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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