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Home / Support and Resistance / GlaxoSmithKline (GSK.L) 18-02-20

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

GlaxoSmithKline (GSK.L) 18-02-20

Will GlaxoSmithKline (GSK.L) shares break below the 1650p support, or return to highs of 1846p (+11%)?

 

  • Currently close to the 1650p support at 1657.6p (at time of writing).
  • This has been identified for ostensibly strong support level. Traders should consider whetehr they think it will hold up again.
  • Will the price bounce again to recent highs at 1846p? (+11%).
  • Technical traders should consider potential news and developments. Check our website and the press for updates in future.
  • Shares -10% from 12-month highs; +10% from 12 month lows.

Latest News

08:30:  Liberum Capital reiterates its hold rating on GlaxoSmithKline (GSK) and reduced the target price to 1840p (from 1930p).

13 Feb:  Societe Generale reiterates its buy rating on GlaxoSmithKline (GSK) and reduced the target price to 2240p (from 2300p).

13 Feb:  HSBC reiterates its buy rating on GlaxoSmithKline (GSK) and reduced the target price to 2050p (from 2110p).

11 Feb:  UBS reiterates its buy rating on GlaxoSmithKline (GSK) and reduced the target price to 1900p (from 1950p).

11 Feb:  JP Morgan Cazenove reiterates its neutral rating on GlaxoSmithKline (GSK) and reduced the target price to 1750p (from 1900p).

10 Feb:  Deutsche Bank reiterates its hold rating on GlaxoSmithKline (GSK) and reduced the target price to 1600p (from 1650p).

07 Feb:  Barclays Capital reiterates its underweight rating on GlaxoSmithKline (GSK) and reduced the target price to 1550p (from 1650p).

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

 

Click to enlarge

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