InterContinental Hotels Group (IHG.L) A trading opportunity for you?
Will InterContinental Hotels Group (IHG.L) break the 5000p support zone, or will it return to September highs of 5738 (+14.2%)?
- Major global hotel chain.
- Has this week fallen to the 5000p support level. The price is now at 5024p (at time of writing).
- Will the share price recover back towards September’s year highs of 5738p?
- The support level has been reliable since May, though it was trading lower in the earlier part of the year.
- Shares -12.5% from 2019 highs; +18% from 2019 lows; +15.3% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal