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Home / Support and Resistance / Man (EMG.L) 31-10-19

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

Man (EMG.L) 31-10-19

Will Man (EMG.L) shares break below the 143p support zone, or will it return to highs of 175p (+22%)?

 

  • Currently trading around the 143p support at 143.3p (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 175p? (+22%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -18% from 12-month highs; +13% from 12 month lows.

Latest News

28 Oct:  Goldman Sachs reiterates its neutral rating on Man Group (EMG) and reduced the target price to 160p (from 175p).

25 Oct:  UBS has downgraded its rating on Man Group (EMG) to neutral (from buy) and reduced the target price to 155p  (from 195p).

16 Oct:  Credit Suisse reiterates its outperform rating on Man Group (EMG) and reduced the target price to 184p (from 196p).

11 Oct:  Man Group announced that its prospects on fund flows remained ‘mixed’, due primarily to uncertainty surrounding Brexit. The company reported a decline in net assets in Q3.

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

 

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