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Home / Support and Resistance / JPMorgan Emerging Markets Investment Trust (JMG.L) 26-02-20

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

JPMorgan Emerging Markets Investment Trust (JMG.L) 26-02-20

Will JPMorgan Emerging Markets Investment Trust (JMG.L) fall beyond the 980p support level, or will we see a retest of 1088p? (+10%)

 

  • The stock is near support at 980p, now trading at 982.79p (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 1088p? (+10%).
  • 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 -9% from 12-month highs; +11% from 12 month lows.

Latest News

06 Oct:  JPMorgan Emerging Markets Investment Trust’s management has declared a dividend of 11p per share, pending approval by shareholders.

22 Mar:  JPMorgan Emerging Markets Investment Trust (JMG) has said that it bought back 22,101 of its own shares at 764.72p each.

22 Feb:  JPMorgan Emerging Markets Investment Trust trailed its benchmark within the second half of the year.

 

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

 

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