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Home / Support and Resistance / Petrofac Limited (PFC.L) 19-11-19

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

Petrofac Limited (PFC.L) 19-11-19

Will Petrofac Limited (PFC.L) shares break below the 398p support, or return to highs of 523p (+30%)?

 

  • Currently close to the 398p support at 400.2p (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 523p? (+30%).
  • Technical traders should consider potential news and developments. Check our website and the press for updates in future.
  • Shares -28% from 12-month highs; +4% from 12 month lows.

Latest News

28 Oct:  Morgan Stanley has downgraded its rating on Petrofac Ltd (PFC) to equal weight (from overweight) and reduced the target price to 480p  (from 500p).

07 Oct:  Alastair Cochran, Executive Director, has transferred in 16,904 shares in the firm on the 6th October 2019. This Director currently has 84,111 shares.

07 Oct:  Alastair Cochran, Executive Director, sold 7,957 shares in the firm on the 7th October 2019 at a price of 382.90p. This Director currently has 76,154 shares.

03 Oct:  Rene Medori, Chairman, bought 5,085 shares in the firm on the 2nd October 2019 at a price of 393.30p. This Director currently has 23,549 shares.

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

 

Click to enlarge

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