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Home / Ranges / Tesco PLC (TSCO.L) 11-12-19

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

Tesco PLC (TSCO.L) 11-12-19

Will Tesco PLC (TSCO.L) shares break out of the range this time, or will it continue to fall to the 222p support?(-7%)

 

  • Currently trading near the resistance at 242p. Currently at 239.48p (at time of writing).
  • Will the range repeat itself, and is this one for the short sellers?
  • The stock has tested this price repeatedly. Whilst this is likely to be appealing to traders, ranges never last forever. Take precautions accordingly.
  • Will the shares fall to the lower end of the range at 222p? (-7%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -5% from 12-month highs; +26% from 12 month lows.

Latest News

 

09 Dec:  Jefferies International reiterates its buy rating on Tesco (TSCO) and increased the target price to 310p (from 285p).

09 Dec:  Tesco announced that it was considering disposing of its operations in Thailand and Malaysia after receiving interest in the businesses from a third party.

29 Nov:  Goldman Sachs reiterates its buy rating on Tesco (TSCO) and increased the target price to 280p (from 276p).

04 Nov:  David Lewis, CEO, bought 58 shares in the firm on the 1st November 2019 at a price of 237.52p. This Director currently has 170,722 shares.

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

 

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