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Home / Support and Resistance / Aviva (AV.L) 04-11-19

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

Aviva (AV.L) 04-11-19

Will Aviva (AV.L) break the key resistance level, or will it drop back to the 354p support once more? (-16%)?

 

  • Now trading near the 432p resistance at 422.7p (at time of writing).
  • Will the shares fall again to recent support of 354p? (-16%).
  • This could be appealing to short sellers.
  • Shares -3% from 12-month highs; +20% from 12 month lows.

Latest News

30 Apr:  Aviva, the insurer, announced that it will offer goodwill payments to owners of preference shares held them between 8th and 22nd March.

23 Mar:  Aviva dropped plans to cancel preference shares after criticism from investors.

08 Mar:  Aviva, the insurer, posted operating profit 2% higher to £3.07bn in 2017, from £3.01b in 2016. The performance underpins an 18% rise in dividends. Dividends per share rose to 27.4p from 23.3p, 18% higher.

13 Feb:  Aviva stated that its joint venture with Tencent Holdings and Hillhouse Capital had received approval from the Hong Kong Insurance Authority. The joint venture’s aim is to develop a digital insurance offering.

 

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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