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Home / Ranges / IMI plc (IMI.L) 02-10-19

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

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

 

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