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Home / Support and Resistance / Watches of Switzerland PLC (WOSG.L) 06-04-20

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

Watches of Switzerland PLC (WOSG.L) 06-04-20

Will Watches of Switzerland PLC (WOSG.L) shares break below the 185p support, or return to highs of 392p (+109%)?

  • Currently close to the 185p support at 187.4p (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 392p? (+109%).
  • Technical traders should consider potential news and developments. Check our website and the press for updates in future.
  • Shares -52% from 12-month highs; +4% from 12 month lows.

Latest News

23 Mar:  Watches of Switzerland, the luxury watch retailer, cautioned the market on lower than anticipated sales, after closing stores as a result of the pandemic.

27 Feb:  Watches of Switzerland’s revenues jumped 12.8% to £257.9m within the 13 weeks to the end of January. The company’s Q3 trading update showed that like-for-like sales had risen by 6.8%.

11 Dec:  Barclays Capital reiterates its overweight rating on (WOSG) and increased the target price to 360p (from 325p).

 

10 Dec:  Watches of Switzerland swung to an H1 loss, due due to costs related to its recent IPO, but underlying profits were up on better sales figures.

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

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