Burberry ( $BURBY) is a British luxury fashion house headquartered in London, England. It currently designs and distributes ready to wear including trench coats (for which it is most famous), leather goods, footwear, fashion accessories, eyewear, fragrances, and cosmetics.
Burberry Group Plc ( $BURBY) operates as a holding company, manufactures, designs and distributes apparels and accessories under the Burberry brand. It operates through the following segments: Retail and Wholesale, and Licensing. The Retail and Wholesale segment sells luxury goods through Burberry mainline stores, concessions, outlets, and digital commerce, as well as Burberry franchisees and department stores. The Licensing segment channel offers global licenses of fragrances, eyewear, timepieces and European children’s wear. The company was founded by Thomas Burberry in 1856 and is headquartered in London, the United Kingdom.
Our Global Algorithmic Trading Software (GATS) #5 indicates the following for Burberry ( $BURBY)
The Long Term Trend (LTT) is currently Bullish
The Medium Term Trend (MTT) is currently Bearish
The Short Term Trend (STT) is currently Bullish
The Micro Trend (MT) is currently Bullish
We are bullish on Burberry ( $BURBY) in the long term.
Hence we will attempt a bullish trade based on the current short-term and long-term bullish signal with potential trade entry signal as follows:
Global Potential Trade Entry Signal #1 : $20.60
Global Minimum Catastrophe Hard Stop Loss GAP:$5.04
Global Maximum Catastrophe Hard Stop Loss GAP:$7.28
Global Minimum Catastrophe Trailing Stop:$15.56
Global Maximum Catastrophe Trailing Stop:$13.32
Global Minimum Profit Target: $71.43
Global Maximum Profit Target: $93.40
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