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0810 GMT [Dow Jones] EasyJet (EZJ.LN) has delivered strong revenues growth in its 1H pre-close statement, says Mike van Dulken, Head of Research at Accendo Markets, but adds it is worth noting shares have risen significantly since the lows in September 2011. Notes several technical indicators are displaying negative divergence–which point down while shares keep rising–suggesting a loss of momentum. Still, says similar signals were seen last August, but they failed to derail the rally. Adds updated guidance on 1H pre-tax loss (GBP60M-GBP65M vs an earlier estimate of GBP50M-GBP75M) and higher fuel prices cement the expected loss in the mid-range of prior guidance. Shares down 3.3% to 1061p.([email protected])
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