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Home / Momentum / Ocado (OCDO.L) 05-05-20

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

Ocado (OCDO.L) 05-05-20

Will shares in Ocado (OCDO.L) continue to rally, setting new recent highs?

  • Now trading at 1712.2p (at time of writing), the share price performance has been very strong.
  • Will it end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should consider of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +60% from 12 month lows.

Latest News

29 Apr:  Berenberg reiterates its buy rating on Ocado Group Plc (OCDO) and increased the target price to 1725p (from 1635p).

28 Apr:  Ocado, the online shopping company,  announced that it would release a trading update next Wednesday.


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

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

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