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Home / Momentum / The Rank (RNK.L) 07-02-20

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

The Rank (RNK.L) 07-02-20

Will shares in The Rank (RNK.L) continue to rally, setting new recent highs?

 

  • Now trading at 300p (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; +108% from 12 month lows.

Latest News

16 Jan:  Peel Hunt reiterates its buy rating on Rank Group (The) (RNK) and increased the target price to 320p (from 240p).

13 Nov:  John O’Reilly, Chief Executive Officer, bought 92,500 shares within the firm on the 12th November 2019 at a price of 215.60p. This Director currently has 252,500 shares.

11 Nov:  Bill Floydd, Executive Director, bought 25,000 shares within the firm on the 11th November 2019 at a price of 215.75p. This Director currently has 25,000 shares.

 

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

 

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