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Home / Support and Resistance / easyJet (EZJ.L) 13-05-20

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

easyJet (EZJ.L) 13-05-20

Will EasyJet (EZJ.L) shares break below the 475p support zone, or will it return to highs of 681p (+40%)?

  • Currently trading around the 475p support at 485.5p (at time of writing).
  • The support has proven robust to date. Will the pattern repeat?
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Will the share price bounce once again to recent highs of 681p? (+40%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -68% from 12-month highs; +2% from 12 month lows.

Latest News

 

11 May:  Credit Suisse reiterates its outperform rating on easyJet (EZJ) and reduced the target price to 746p (from 945p).

07 May:  Goldman Sachs reiterates its sell rating on easyJet (EZJ) and reduced the target price to 545p (from 668p).

07 May:  HSBC reiterates its buy rating on easyJet (EZJ) and increased the target price to 925p (from 900p).

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

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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.


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