Unilever PLC (ULVR.L) 19-11-19
Unilever PLC (ULVR.L): will it break the 4558p key support level, or bounce to highs of 4843p (+5%)?
- Currently trading around the 4558p support. The current price is 4576.5p (at time of writing).
- Support levels like these are often used by traders to assist with decision making.
- Strong support levels often suggest that there may be ‘hot money’ looking to buy at the key level. Of course, valuations can change.
- Will the share price rally again to recent highs of 4843p? (+5%).
- Shares -14% from 12-month highs; +16% from 12 month lows.
Latest News
13 Nov: Unilever, the consumer goods group, announced that chairman Marijn Dekkers was leaving his role, effective immediately. He will be succeeded by Nils Andersen, the current non-executive Director.
18 Oct: Barclays Capital reiterates its underweight rating on Unilever (ULVR) and reduced the target price to 4340p (from 4460p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires