Insights for November 2017

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Vodafone Plc. is a Hold at the current price. The stock finished trading on the London stock exchange on 27th November at 224.9p a share, up by 0.17%.  In terms of technical analysis or charting, the stock had completed rounded bottom pattern and has bounced back from 205p to 230p. However, the stock got stuck at the resistance level of 230p and has been correcting for a last few days. The stock has been trading above its 20 day moving average(DMA), 50 DMA and 100 DMA of 223p, 217p and 218p respectively. The immediate support and resistance for the stock is at 220p and 230p respectively. The momentum oscillator MACD also indicates the crossover sign which indicates towards the correction of the stock in the coming days. Therefore, traders or investors shall wait for the stock to get consolidated and bottomed out. Fresh buying positions can be initiated once the stock has bottomed out. The stock might take support at around 220p, but if in case it couldn’t sustain 220p , then the stock may fall more and test the old levels of 200-205. Investors or traders shall keep an eye at the respective levels and accordingly initiate fresh positions.

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Topics: Analysis
Other Insights on Related Shares: VOD.L
Related Shares: Vodafone Share Price

Marks and Spenser is an avoid at the current levels as the stock has been falling continuously for the last many months. The company announced its half yearly results a few days back on 8th November. However, post the results also the stock has continued its southward journey. The stock finished trading on the London Stock exchange at 302p a share on 18th November, up by 0.36% compared to the previous close.  In terms of charting or technical analysis, the stock has formed a rounding top pattern, which further confirms the bearish movement of the stock. It had also breeched the support levels of 310 and has tested the lows of 300p. However, any fall or closing below 300p can take the stock to 250p as well. Therefore, we would advise traders or investors to stay away from marks and Spenser, unless the stock starts consolidating and has bottomed out. The immediate support and resistance for the stock is at 300p and 330p respectively.

Let’s throw some light on the latest half yearly results of the company. The company’s revenue was up by 2.5% year on year. Profit before tax and adjusted items and adjusted earnings per share were down by 5.3% and 7% year on year respectively. Net debt also came down by 9% to £2.03bn versus £2.24bn in H1’16. (Read more)

Topics: Analysis
Other Insights on Related Shares: MKS.L
Posted by MaxMarioni on 12 November 2017, 11:35 AM

IQE Plc keeps rising

IQE plc (AIM: IQE), a leading global supplier of advanced products and services to the semiconductor industry, announced that it has successfully placed 67,941,581 new ordinary shares of 1 pence each in the Company, at a price of 140 pence per share, raising gross proceeds of approximately £95 million. The Shares placed represented approximately 10% of IQE's existing outstanding issued share capital. (Read more)

Topics: IT, Technology
Other Insights on Related Shares: IQE.L
Related Shares: Iqe Plc Share Price
Posted by MaxMarioni on 5 November 2017, 10:29 AM

Boohoo.com Plc, a stock to watch

Boohoo.com, a British online fashion retailer, is the clothing industry’s fastest-growing e-tailer in the world. It is likely to achieve sales growth of at least 80% this year, with its new brands, PrettyLittleThing and Nasty Gal, gaining populariy both in the UK and the US. (Read more)

Other Insights on Related Shares: BOO.L
Posted by MaxMarioni on 5 November 2017, 10:29 AM

Boohoo.com Plc, a stock to watch

Boohoo.com, a British online fashion retailer, is the clothing industry’s fastest-growing e-tailer in the world. It is likely to achieve sales growth of at least 80% this year, with its new brands, PrettyLittleThing and Nasty Gal, gaining populariy both in the UK and the US. (Read more)

Other Insights on Related Shares: BOO.L