Is this trend a good trading opportunity?
Will Premier Oil turn, or will it continue to rise to April levels of 110p? (+18%)
- Shares +45.7% in last four weeks
- Now trading 93p (at the time of writing)
- Will the positive momentum continue to 110p? (+18%)
- Shares trade -18% from 2019 highs; +51.4% from 2019 lows & year-to-date.
- News 16 Sept: Saudi Oil facility hit by drone that damaged 5% of world oil supply; oil’s biggest one day gain since 1988
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal