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Home / Support and Resistance / Diageo (DGE.L) 08-11-19

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

Diageo (DGE.L) 08-11-19

Will Diageo (DGE.L) fall beyond the 3100p support level, or will we see a retest of 3352p? (+8%)

 

  • The stock is near support at 3100p, now trading at 3102p (at time of writing).
  • Whilst the past does not always repeat itself, the support level has held up well.
  • From here, will buying pressure return to drive the price back to 3352p? (+8%).
  • As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
  • Shares -14% from 12-month highs; +14% from 12 month lows.

Latest News

10 Oct:  Javier Ferrán, Chairman, bought 249 shares in the firm on the 10th October 2019 at a price of 3321.00p. This Director currently has 231,193 shares.

20 Sep:  Deutsche Bank reiterates its hold rating on Diageo (DGE) and increased the target price to 3650p (from 3500p).

 

19 Sep:  Diageo’s CEO, Ivan Menezes, stated that the current trading year had started well as they continue to execute their strategy.

10 Sep:  Javier Ferrán, Chairman, bought 245 shares in the firm on the 10th September 2019 at a price of 3370p. This Director currently has 230,821 shares.

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

 

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