IMI plc (IMI.L) 02-10-19 A trading opportunity for you?
Will IMI plc (IMI.L) shares break out, or will it continue within the current range and return to highs of 1050p? (+19%)
- Now trading around the 924p support at 933.6p (at time of writing).
- The range has proven persistent to date. Will the price action repeat?
- The price has traded within this range for a significant period. However, be mindful of stop-loss positioning.
- Will the price continue within the range, bouncing again to highs of 1050p? (+19%).
- Technical traders should be mindful of events. Check our website and the press for updates.
- Shares -19% from 12-month highs; +7% from 12 month lows.- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal