Marks

With “Black Friday” hitting the UK high street, retailers have really cashed in. However, Marks & Spencer have really made a mess of it after yesterday reporting delays on their online ordering service. This negative press on the run up to Christmas this is a crucial mistake for company who were slowly but surely turning things around. In November it posted its first rise in first-half profits since 2011. On that day the stock was up over 10% closing at 444p. Since then their share price has continued to surge printing a high of 497p last week. Today the stock is trading around the 480p handle and I wouldn’t be surprised to see their shares slip back in the next few weeks towards that 444p mark, which also coincides with the 200 day moving average. What happens next is all dependent on how quickly M&S can rectify their distribution problems!

Good Luck, 

Vinay

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