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Home / Momentum / AstraZeneca PLC (AZN.L) 05-05-20

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

AstraZeneca PLC (AZN.L) 05-05-20

Will AstraZeneca PLC (AZN.L) continue this relentless rise, setting new highs?

  • Currently trading at 8429p (at time of writing), performance has been exceptional of late.
  • Will it hit resistance, or is the trend your friend?
  • Is this one for momentum traders?
  • The price has been moving upwards, however, past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +48% from 12 month lows.

Latest News

01 May:  DZ Bank reiterates its sell rating on AstraZeneca (AZN) and increased the target price to 7300p (from 6500p).

01 May:  JP Morgan Cazenove reiterates its overweight rating on AstraZeneca (AZN) and increased the target price to 9500p (from 8500p).

01 May:  Barclays Capital reiterates its overweight rating on AstraZeneca (AZN) and increased the target price to 9200p (from 9000p).

30 Apr:  Credit Suisse reiterates its outperform rating on AstraZeneca (AZN) and increased the target price to 9000p (from 8500p).

30 Apr:  HSBC reiterates its reduce rating on AstraZeneca (AZN) and increased the target price to 6690p (from 6450p).

29 Apr:  AstraZeneca posted an increase in Q1 revenues, lifted by sales of new medicines. It also announced that it was testing drugs to fight the coronovirus.

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

Click to enlarge

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