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Home / Support and Resistance / Clarkson PLC (CKN.L) 09-03-20

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

Clarkson PLC (CKN.L) 09-03-20

Will Clarkson PLC (CKN.L) shares break below the 2255p support, or return to highs of 3075p (+35%)?

 

  • Currently close to the 2255p support at 2265p (at time of writing).
  • This has been identified for ostensibly strong support level. Traders should consider whether they think it will hold up again.
  • Will the price bounce again to recent highs at 3075p? (+35%).
  • Technical traders should consider potential news and developments. Check our website and the press for updates in future.
  • Shares -27% from 12-month highs; +3% from 12 month lows.

Latest News

08:20:  Liberum Capital reiterates its buy rating on Clarkson (CKN) and reduced the target price to 3000p (from 3200p).

07:52:  Clarkson, the shipping services company, cautioned that Covid-19 would damage performance within H1.  It also posted a profit for the year, despite cost increases.

02 Dec:  JP Morgan Cazenove reiterates its overweight rating on Clarkson (CKN) and increased the target price to 3100p (from 2963p).

13 Aug:  JP Morgan Cazenove reiterates its overweight rating on Clarkson (CKN) and increased the target price to 2963p (from 2787p).

01 May:  JP Morgan Cazenove has upgraded its rating on Clarkson (CKN) up to overweight (from neutral).

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

 

Click to enlarge

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