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Home / Support and Resistance / National Express PLC (NEX.L) 04-03-20

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

National Express PLC (NEX.L) 04-03-20

Will the National Express PLC (NEX.L) share price break beneath the 410p support zone, or will we see a return to highs of 476p (+15%)?

 

  • Currently trading close to the key 410p support at 413p (at time of writing).
  • The support has proven reliable until now. Will the price rebound again?
  • As always, traders should be mindful of stop-loss placement.
  • Will the shares bounce again to recent highs at 476p? (+15%).
  • Shares -13% from 12-month highs; +6% from 12 month lows.

Latest News

27 Feb:  National Express’ full year results showed that revenues increased to £2.74bn in 2019, up from £2.45bn in the year before.

24 Feb:  Peel Hunt today initiates coverage of National Express Group (NEX) with a hold rating and target price of 450p.

29 Jan:  HSBC reiterates its buy rating on National Express Group (NEX) and increased the target price to 520p (from 510p).

28 Nov:  Sir John Armitt, Chairman, bought 4,500 shares within the firm on the 28th November 2019 at a price of 465.49p. This Director currently has 10,500 shares.

30 Oct:  Transport group National Express announced it had launched a private placement of $509m new unsecured notes.

 

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

 

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