Wednesday's tip on UK-Analyst is from TopSpreadBets.com
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Open A Open A Buy Bet In The PartyGaming Rolling Spread The Bet: We recommend opening a buy bet in the rolling PartyGaming (PRTY) spread at GBP20 a penny when the quote is standing at 238p - 240p. The target is 275p initially and the stop loss is 209p for a risk of GBP620 at our suggested wager.
The
Fundamental View: We were backing a buy bet in
the PartyGaming rolling spread on the basis that today
revenues came in line with previous guidance despite
negative distraction effects due to the World Cup. This
28% year on year increase was helped by the
acquisitions of Cashcade and the World Poker Tour and
continued strong growth in casino gaming.
The Technical View: We are recommending a buy bet in the PartyGaming rolling spread on the basis of a likely bear trap below the November intraday support just above 210p. The view now that this bounce has happened is we could still see a follow on reaction towards the black 200 day moving average at 275p, even if the recovery fades soon after.
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