CLS Holdings (CLI.L) has been in a strong uptrend. Will it continue to set new recent highs?

• Priced at 283p (at time of writing), momentum has been strong.
• Will it come to an end, or is the trend your friend?
• Could this be an opportunity for momentum traders?
• Technical traders should be mindful of new developments, which can have an affect on trends.
• Shares -0% from 12-month highs; +38% from 12 month lows.

Latest News

14 Oct:  CLS, the property investment company, has acquired a multi-let office building, Pacific House, in Reading. Acquired for £14.9m, it has a net initial yield of 7.3%.

03 Oct:  CLS exchanged contracts to purchase two office buildings in London.

14 Aug:  Andrew Kirkman, Executive Director, bought 50,000 shares in the firm on the 14th August 2019 at a price of 226.70p. This Director currently has 100,064 shares.

14 Aug:   CLS posted profits higher by over 25% in H1, due to increased rental income and a higher portfolio valuation.

08 Aug:  Fredrik Widlund, CEO, bought 64 shares in the firm on the 5th August 2019 at a price of 233p. This Director currently has 3,917 shares.

08 Aug:  Andrew Kirkman, Executive Director, bought 64 shares in the firm on the 5th August 2019 at a price of 233p. This Director currently has 50,064 shares.

22 Jul:  CLS announced the sale of the East Gate and Schanzenstrasse properties in Germany, for €57.2m combined.

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

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