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Home / Support and Resistance / Savills (SVS.L) 23-10-19

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

Savills (SVS.L) 23-10-19

Will Savills (SVS.L) shares break resistance, or will it they fall back to the 822p support? (-13%)?

 

  • Now close to the 945p resistance. Currently trading at 949.5p (at time of writing).
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement. Is this one for the short-seller?
  • Will the share price decline once again to recent support of 822p? (-13%).
  • Technical traders should be mindful of breaking news. Check news outlets for updates, react accordingly.
  • Shares -0% from 12-month highs; +39% from 12 month lows.

Latest News

12 Aug:  Peel Hunt reiterates its hold rating on Savills (SVS) and increased the target price to 940p (from 925p).

08 Aug:  Savills, the property company,  announced a 9% decline in underlying profits (before tax) as  economic and political uncertainty dampened investor confidence.

10 May:  Mark Ridley, CEO, has transferred in 7,926 shares in the firm on the 9th May 2019. This Director currently has 186,694 shares.

10 May:  Mark Ridley, CEO, sold 3,733 shares in the firm on the 9th May 2019 at a price of 884.20p. This Director currently has 182,961 shares.  NOTE: Sold to meet tax liabilities etc….

08 May:  Savills announced that trading in certain markets had been subdued in the year to date, due to global economic and political uncertainty.  However, UK trading had been ‘resilient’.

24 Apr:  Savills Investment Management announced the appointment of Alex Jeffrey as its new CEO.  He was previously Asia Pacific head at M&G Investments.

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

 

Click to enlarge

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