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Home / Momentum / Computacenter (CCC.L) 10-12-19

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

Computacenter (CCC.L) 10-12-19

Computacenter (CCC.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

 

  • Now trading at 1624p (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 -0% from 12-month highs; +70% from 12 month lows.

Latest News

07:47:  Computacenter, the computer services provider, announced that it anticipated that its full-year numbers will be ‘well ahead’ of current expectations.

 

30 Oct:  Computacenter announced that its numbers for Q3 were ‘well ahead’ year-on-year, as positive momentum continued.

04 Sep:  UBS has downgraded its rating on Computacenter (CCC) to neutral (from buy) and increased the target price to 1485p  (from 1450p).

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

 

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