Halfords Group (LSE: HFD) saw its share price climb over 10%, hitting 135.2p, after the company reported a pick-up in sales. The sharp move caught the attention of investors, especially as the auto and bike retailer has been stuck in a sluggish trend for months. The big question is whether this jump is the beginning of a broader recovery — or just a short bounce.
With inflation cooling and signs that UK consumers are returning to the high street, retailers like Halfords are back in focus. Still, competition remains tight, and margins are under pressure.
HFD Technical Analysis
- Current Price: 135.20p
- Immediate Resistance: 140.00p — Short-term upside target
- Breakout Confirmation Level: 150.00p — February peak
- Support Zone 1: 128.00p — Recent consolidation area
- Support Zone 2: 120.00p — March swing low
Is the Halfords Rally Sustainable?
The reaction to stronger sales shows that sentiment is shifting. If HFD can stay above 128p, the door remains open for a push toward 140p and potentially 150p in the coming weeks.
However, with RSI near overbought, some cooling is likely. Traders may want to wait for either a confirmed break above resistance — or a dip back to support before jumping in.