Buying Royal Mail

I would never have believed it with years of experience of standing in Post Office queues, but I have placed an order to BUY Royal Mail Group. The business consists of two parts - letters and parcels. The letters part is obvious enough, but I did not know that the parcels group operates throughout Europe, and its largest components are in Germany, Italy and France.... The shares have only been traded since October 2013, and are recovering from a bit of a dip.

2015 05 31 Royal Mail

 

Why am I buying?

  • The share price has made a new high

  • The shorter ma20 has crossed above the ma50

  • There are a succession of higher lows in place

  • It looks like its trending upwards


If you would like to see my views about the key markets then click here (5 mins).

If you would like to see how my open positions have performed over the past week then click here  (3 mins).

Just a reminder - none of what I say should be taken as advice from me to you, its merely what I am doing. If in doubt see my disclaimer.

Hope you have a great week!

 

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