(Finance) – It drops on the market Signet Jewelers which suffers with a drop of 11.84%.
The decision to revise its annual estimates downwards weighed on the jewelery group’s shares. THE’earnings per share adjusted it is now expected between 9.62 and 10.08 dollars against the 9.90-11.52 dollar range of the previous guidance. THE revenues are estimated at 6.74-6.81 billion from 6.66-7.02 billion.
The technical scenario seen in one week of the stock compared to the index S&P-500highlights a slowdown in the trend of Signet Jewelers compared toUS basketball indexand this makes the stock a potential selling target for investors.
The medium-term scenario is always positively connoted, while the short-term structure shows some weakening, as read by the relevant indicators, due to the opposition of the resistance estimated at USD 90.05. Control of the short-term situation offered by the supports at 84.27 is functional. There is a concrete possibility of a continuation of the corrective phase towards 81.49.