Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
We have had a recent trading statement from Dixons Carphone (DC.), the recently merged Dixon’s Retail and Car phone Warehouse companies, which I had reviewed positively in late May 2014. The pre- merged Dixon’s Retail share price was then 44p in its old form. The adjusted share price chart indicates that the new form share price was then around 300p. In the next seven months, the share price rose reaching a peak of 470p last month – a useful increase of an estimated 56%. Since then, the share has retreated 8% to 345p. So where does it go from here?
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