Supermarket giant Morrison has bounced off a two-and-a-half-year support line, says Mike van Dulken at www.accendomarkets.com
At the same time, its momentum and directional indicators are giving bullish readings. While there is a risk that the price is forming a longer-term topping-pattern, there is a buying opportunity here. Buy at 267p, with a stop-loss at 260p and a target of 287p.
