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Home / Momentum / Cairn Energy

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

Cairn Energy

Is this trend a good trading opportunity?

Will Cairn Energy turn, or will it continue to rise towards 216p highs (+7%)?

  • Shares +41% from recent lows; Now trading 199p (at the time of writing)
  • Will the strong positive momentum continue to 216p (+7%)?
  • Shares -8% from 2019 highs; +41% from 2019 lows; +32% year-to-date.
  • Drone strike on Saudi Oil facility affecting 5% Global supply
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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