Tag Archives: stocks

BARCLAYS PLC (BARC-L) Since our last highlight, BARCLAYS PLC declined from the top of the range in a 9-session fall.But that down-streak was broken earlier this week. Technically, chart support resides at 140p. A break below this floor would be … Continue reading →

FRESNILLO PLC (FRES-L) FRESNILLO PLC jumped 3.8 per cent on Monday and closed at its highest level since June. The silver-producing company is developing a multi-month base formation at the 600-800p range. A break above that range ceiling is a … Continue reading →

CENTRICA PLC (CNA-L) CENTRICA PLC is under increasing pressure as prices slid to the lowest level since January. The utility company is tracing a multi-month top formation along the 70-90p range. A break below that range floor is a bearish … Continue reading →

OCADO GROUP PLC (OCDO-L) OCADO GROUP PLC has broken down again on renewed selling pressure. The former growth stock has corrected significantly over the past year and is now struggling to overturn the bear trend. Prices cut through the support … Continue reading →

CRH PLC (CRH-L) CRH PLC has been trading in a falling range since March. As prices dropped below the 3,000p level recently, chances of a further fall into the lower side of the regression band are high. The next area … Continue reading →

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 … Continue reading →

NEXT PLC (NXT-L) Earlier this month, we highlighted Next‘s bounce off its support. That rebound has petered out; prices broke down beneath the range support at 5,800p last week and reasserted its medium-term downtrend. The next support is estimated at … Continue reading →

SEVERN TRENT PLC (SVT-L) Utility stocks have endured a nasty sell-off despite their perceived defensive qualities. N/A dropped to new 52-week low this week as prices extend the breakdown below the 2,700p floor. The next area of support is around … Continue reading →

ROYAL MAIL PLC (RMG-L) ROYAL MAIL plc took a hit last Friday as prices sank 8.1 percent and hit a new 52-week low. RMG’s downtrend from 600p appears to be accelerating into the next round number support at 200p. Downside … Continue reading →