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Home / Momentum / AstraZeneca PLC (AZN.L) 21-04-20

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

AstraZeneca PLC (AZN.L) 21-04-20

Will shares in AstraZeneca PLC (AZN.L) continue to rally, setting new recent highs?

  • Now trading at 8115p (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; +43% from 12 month lows.

Latest News

15 Apr:  Mainfirst reiterates its buy rating on AstraZeneca (AZN) and increased the target price to 8800p (from 8100p).

15 Apr:  Morgan Stanley reiterates its equal weight rating on AstraZeneca (AZN) and increased the target price to 8600p (from 8250p).

15 Apr:  Jefferies International reiterates its hold rating on AstraZeneca (AZN) and increased the target price to 7575p (from 7475p).

 

14 Apr:  Astrazeneca announced that a trial for its new drug used to treat lung cancer would be un-blinded ahead of schedule, recommended by an Independent Data Monitoring Committee.

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

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