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Home / Support and Resistance / Marshalls (MSLH.L) 20-03-20

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

Marshalls (MSLH.L) 20-03-20

Will Marshalls (MSLH.L) shares break below the 642p support, or return to highs of 868p (+35%)?

 

  • Currently close to the 642p support at 643p (at time of writing).
  • This has been identified for ostensibly strong support level. Traders should consider whether they think it will hold up again.
  • Will the price bounce again to recent highs at 868p? (+35%).
  • Technical traders should consider potential news and developments. Check our website and the press for updates in future.
  • Shares -26% from 12-month highs; +8% from 12 month lows.

Latest News

12 Mar:  Jack Clarke, Financial Director, bought 1,924 shares within the firm on the 12th March 2020 at a price of 645p. This Director currently has 163,222 shares.

12 Mar:  Martyn Coffey, Chief Executive Officer, bought 3,000 shares within the firm on the 12th March 2020 at a price of 646p. This Director currently has 269,603 shares.

12 Mar:  Vanda Murray, Chairman, bought 7,000 shares within the firm on the 12th March 2020 at a price of 656.00p. This Director currently has 22,000 shares.

12 Mar:  Marshalls’ pre-tax profits were 11% higher, up to £69.9 million for the full year ending in 2019. Revenue improved by 10%. The company witnessed further improvements in operating margins.

24 Jan:  Berenberg reiterates its hold rating on Marshalls (MSLH) and increased the target price to 740p (from 620p).

 

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

 

Click to enlarge

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