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Home / Ranges / Pennon Group PLC (PNN.L)

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

Pennon Group PLC (PNN.L) A trading opportunity for you?

Will Pennon Group PLC (PNN.L) break resistance at 766p, or retest the bottom of the range at 702p? (-8.4%)

  • Defensive utility stock.
  • The range has developed over the last year.
  • It has touched the 766p level multiple times in the last 12 months. It is now at 766p.
  • 702p-766p trading range since June this year
  • Will the pattern repeat itself, appealing to the short seller and range traders?
    Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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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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