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Home / Ranges / Weir Group

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

Weir Group

A range trading opportunity for you?

Will Weir Group fall lower, or will it rise to 1601p recent highs again?

  • Weir Group broke down from 3 month 1418p – 1601p range 5 days ago. Longer term 1299p – 1811p range intact
  • Shares bounced off 1299p; Now trading 1349p (at time of writing).
  • Will shares get back to June highs of 1601p (+18.7%)?
  • Shares -34% from 2019 highs; +3.5% from 2019 lows; -43%% year-to-date
  • Weir Group manufactures oil & gas equipment and has been struggling from falling oil prices.
  • 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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