ADIDAS EARNINGS DUE THURSDAY-MARKET LOOKING POSITIVE
Adidas is scheduled to report its Earnings before the market open on Thursday. The current market price is €189.45 and is up by 0.66%. Its EPS for the previous quarter was €1.45.According to market sources, the EPS forecast for the second quarter will be €1.87.
In the period from July 30, 2018 up to and including August 3, 2018, Adidas bought back a total of 102,219 shares of Adidas within the framework of the share buyback programme. The total number of shares which have been bought back so far by Adidas since March 22 within the framework of the first tranche of the share buyback programme thus amounts to 3,198,614 shares.
On the technical front, the RSI is currently at 52.92% and suggests that the market may move in the upward direction. The %K has crossed the %D from below to the upside at 51% and suggests that the market may move in the upward direction. The current market price is above the middle band of the Bollinger bands and is currently heading upwards. Overall market sentiment is positive.
TRADE SUGGESTION- BUY AT 189 TAKE PROFIT AT 191.25 STOP LOSS AT 187.7