Tune back into Sky

Tune back into Sky

Investors have been switching off BSkyB (BSY) just lately, says Marcus Bullus at www.mbcapital.co.uk.

The stock has tumbled from its March highs of 900p and the recent concerns over BT’s aggressive launch of its sports package to compete against Sky’s offering seems to have been more than priced in. Sky is currently finding support around 775p. If this level breaks, it would be wise for investors to use a tight stop-loss as the next level of support is just above 700p. Buy, targeting 825p initially, and then 860p.

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