Calling Vodafone higher

Calling Vodafone higher

Vodafone has pulled back from its January high of 240 says Marcus Bullus Trading Director at MB Capital. As the chart illustrates, Vodafone has been moving in a sideways range over a two year period, trading between 190 and 240. If the current support level holds there is the opoprtunity for investors to gain a 25% profit should the price move back towards 240. We really like Vodafone in the current environment as it benefits from the weak GBP and investors are being paid a dividend yield of 6.8% to hold the stock by entering at the current level.

 

 

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