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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