Debenhams

I've just added this onto my watchlist.  A lot of volume currently; good strong performance to date (most recent sales figures report 1.9% up on this time last year), massively reducing debt and outperforming peers.  

I don't generally like retail stocks but am a big fan of Philip Green and it is good to see that they are actually expanding and looking to create 1800 jobs over the next 2 years.  Impressive for any retailer at the moment! 

The risk here is the stock is cyclical so due to fall further.  I'll wait to see what happens with the macro economic environment and the market as a whole before entering this one, but I am watching closely. 

Currently trading at 92.25 - if this one cracks 100 there is little resistance before and then 116p where I would set my limit order.