LVMH, the confirmation disappoints and the stop tightens

LVMH is in week 3 of a buy signal, but the confirmation week closed bearish and our model flags an exit from the position. The dynamic stop has already tightened to -3.61% from entry, more protective than the structural level in the 471.5 area. The stock ranks 56th among the 62 European stock buys currently open, with earnings coming in three to four weeks, on July 28.