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Home / Momentum / Associated British Foods (ABF.L) 08-01-20

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

Associated British Foods (ABF.L) 08-01-20

Will shares in Associated British Foods (ABF.L) continue to rally, setting new recent highs?

 

  • Now trading at 2670p (at time of writing), the share price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +26% from 12 month lows.

Latest News

 

06 Dec:  Associated British Foods announced that it expected its sugar business to benefit ‘materially’ from higher EU sugar prices.

27 Nov:  George Weston, CEO, has transferred in 67,080 shares in the firm on the 25th November 2019. This Director currently has 4,202,929 shares.

27 Nov:  George Weston, CEO, sold 31,623 shares in the firm on the 26th November 2019 at a price of 2536.21p. This Director currently has 4,171,306 shares.

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

 

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