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Home / Momentum / GlaxoSmithKline – 29-04-20

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

GlaxoSmithKline – 29-04-20

GSK has continued to rally strongly, having hit fresh 12 month low’s on the 13th March. Will the momentum persist?

  • Now trading at 1687p (at time of writing), momentum has been robust.
  • Will it end, or is this trend your friend?
  • Is this the opportunity for momentum traders?
  • Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
  • Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
  • Shares -8% from 12-month highs; +25% from 12 month lows.

Latest News

29 Apr:  GSK due to announce results at 12pm GMT today

 

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

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