Telecom Plus PLC (TEP.L) 28-01-20
Will Telecom Plus PLC (TEP.L) shares break resistance, or will it they fall back to the 1130p support? (-25%)?
- Now close to the 1530p resistance. Currently trading at 1518p (at time of writing).
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Will the share price decline once again to recent support of 1130p? (-25%).
- Technical traders should be mindful of breaking news. Check news outlets for updates, react accordingly.
- Shares -1% from 12-month highs; +34% from 12 month lows.
Latest News
27 Jan: Charles Wigoder, Chairman, has transferred out 325,000 shares within the firm on the 24th January 2020. This Director currently has 11,919,759 shares.
20 Nov: JP Morgan Cazenove reiterates its neutral rating on Telecom plus (TEP) and reduced the target price to 1450p (from 1500p).
19 Nov: Telecom Plus, the utility services provider, posted a 9.2% increase in H1 profits before tax as it acquired clients. Profit for the half year to the end of September increased to £21.1m from £19.3m.
18 Jun: Telecom Plus posted a 4.9% increase in end of year profit after new clients drove an increase in sales.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires