Chart of the Day – GPE

GREAT PORTLAND ESTATES PLC (GPE-L)

Turmoil in the rates market is impacting the property sector. Many property stocks cut beneath their long-term floors, including GREAT PORTLAND ESTATES PLC. The London-based developer recently slumped beneath the 500p support to close at multi-year lows. This bearish breakout may test the next support at 400p.

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