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Home / Support and Resistance / Ashmore PLC (ASHM.L) 25-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Ashmore PLC (ASHM.L) 25-11-19

Will Ashmore PLC (ASHM.L) shares break below the 456p support zone, or will it return to highs of 533p (+16%)?

 

  • Currently trading around the 456p support at 459.4p (at time of writing).
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Highs of 533p have been seen in the recent past. Will we see this again? (+16%)
  • Shares -15% from 12-month highs; +29% from 12 month lows.

Latest News

05 Nov:  Jefferies International reiterates its hold rating on Ashmore Group (ASHM) and increased the target price to 520p (from 490p).

28 Oct:  Goldman Sachs reiterates its buy rating on Ashmore Group (ASHM) and reduced the target price to 550p (from 560p).

23 Oct:  Berenberg reiterates its hold rating on Ashmore Group (ASHM) and reduced the target price to 498p (from 506p).

16 Oct:  Tom Shippey, Financial Director, sold 77,215 shares in the firm on the 14th October 2019 at a price of 478.58p. This Director currently has 598,971 shares.

16 Oct:  JP Morgan Cazenove reiterates its neutral rating on Ashmore Group (ASHM) and increased the target price to 470p (from 450p).

 

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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