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Daiwa Securities Upgrades Isetan Mitsukoshi to Outperform From Neutral; Price Target Is 2,750 Yen
Mitsukoshi Isetan --- aiming for a rebound from the bottom.
Since reaching a peak of 3674 yen on July 11th, a correction has been ongoing. On August 5th, it plummeted to 1948 yen, and although it showed a rebound afterward, it is being suppressed by the downward trending 25-day moving average. However, it is currently showing support around 2100 yen, and there seems to be a movement aimed at a rebound, with the intention of breaking through the 25-day (2289 yen) and 200-day (2357 yen) moving averages.
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