Yoox Net-a-Porter: Update

yoox

Shares in Yoox Net-a-Porter have continued to rally after a couple of articles written highlighting its M&A credentials. The latest entity to get on the bandwagon is HSBC, tipping the stock as a potential takeover target – slightly behind the curve one could say.

Interestingly enough, the present charting trajectory of the shares within a rising trend channel which can be drawn in on the daily chart from as long ago as June last year is implying a €40 target, well above the €37 rumoured price of any deal.

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Disclaimer:

Zakmir.com is a purely journalistic website – Zak Mir is a member of the NUJ. There is no intention here of providing financial advice and absolutely no interest in speculating in the companies mentioned. It is  recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.

 

Author: Zak Mir

Financial commentator, interviewer, technical analyst

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