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Home / Momentum / AstraZeneca PLC (AZN.L) 20-01-20

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

AstraZeneca PLC (AZN.L) 20-01-20

Will shares in AstraZeneca PLC (AZN.L) continue to new highs?

 

  • The share price performance has been very strong, now trading at 7835p (at time of writing), .
  • Will we see an end to the trend, or is the momentum set to continue?
  • Could this be the ideal opportunity for those seeking a momentum play?
  • Whilst the trend has been relentless, remember that strong past performance may not always continue.
  • 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; +47% from 12 month lows.

Latest News

07:27:  AstraZeneca, the pharmaceutical group, announced that its liver cancer drug had been given ‘orphan drug’ status with the FDA in the US.

16 Jan:  Credit Suisse reiterates its outperform rating on AstraZeneca (AZN) and increased the target price to 8500p (from 8200p).

16 Jan:  Barclays Capital reiterates its overweight rating on AstraZeneca (AZN) and increased the target price to 8500p (from 8300p).

13 Jan:  AstraZeneca and Merck announced that their new drug used to treat ovarian cancer was designated for priority review by the FDA in the US.

06 Jan:  Morgan Stanley reiterates its equal weight rating on AstraZeneca (AZN) and increased the target price to 8100p (from 7400p).

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

 

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