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Home / Support and Resistance / Ultra Electronics Holdings (ULE.L) 19-03-20

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

Ultra Electronics Holdings (ULE.L) 19-03-20

Will the Ultra Electronics Holdings (ULE.L) share price break beneath the 1525p support zone, or will we see a return to highs of 2264p (+51%)?

 

  • Currently trading close to the key 1525p support at 1490p (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 2264p? (+51%).
  • Shares -35% from 12-month highs; +0% from 12 month lows.

Latest News

17 Mar:  Simon Pryce, Chief Executive Officer, bought 4,100 shares within the firm on the 13th March 2020 at a price of 1832.60p. This Director currently has 21,953 shares.

13 Mar:  Simon Pryce, Chief Executive Officer, bought 3,900 shares within the firm on the 12th March 2020 at a price of 1918.62p. This Director currently has 17,853 shares.

10 Mar:  JP Morgan Cazenove has upgraded its rating on Ultra Electronics Holdings (ULE) up to overweight (from neutral) and increased the target price to 2450p (from 2400p).

10 Mar:  Peel Hunt has upgraded its rating on Ultra Electronics Holdings (ULE) to buy (from buy).

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

 

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