Sodexo Shares Climb Nearly 3% and Break Key Resistance

A Resistance Breakthrough That Confirms the Bullish Trend

Sodexo shares gained 2.49% to €51.00, while the SBF 120 rose by 0.32%. The stock broke through its €49.76 resistance during the session and has remained above it, extending its trajectory to +9.25% over the week and +17.13% over the month. The price is now significantly above its three moving averages, with a gap of nearly 10% from the MM20 (€46.38) and the MM200 (€46.75). However, an RSI at 71 indicates an overbought configuration, following a series of bullish sessions that allowed the stock to break a first technical lock the day before yesterday.

A Broker Raises Its Target While Short Sellers Lighten Their Bets

Barclays has raised its price target on the stock from €42 to €46, while maintaining a market-weight rating (opinion dated June 3). The new target remains below the current price, reflecting a more measured view than the session's movement. The declared net short positions reach 6.01% of the capital, spread across eight funds, according to the statements reviewed. The total has declined by about 0.5 points over thirty days, suggesting a gradual lightening of bearish bets without constituting a clear reversal. This level remains high for an SBF 120 stock and signals that several institutional investors maintain a defensive stance on the issue. The next key event to watch: the breached threshold at €49.76, which becomes the technical support to monitor in case of consolidation after the monthly surge.