Is this trend a good trading opportunity?
Will ITV turn, or will it continue to rise to April levels of 140p? (+15%)
- The chart shows the ITV price action since mid August.
- Shares in a two week long uptrend from 102.5p mid August lows; now at 119p.
- Shares -15% from 2018 highs; now trading +15% from 2019 lows; -4% year-to-date
- In the last 2 weeks, the shares have Risen over 15%.
- Will this positive momentum continue?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal