Will shares in FDM (Holdings) PLC (FDM.L) continue to new highs?

• The share price performance has been very strong, now trading at 956p (at time of writing)
• Will we see an end to the trend, or is the momentum set to continue?
• Could this be the ideal opportunity for those seeking a momentum play?
• Whilst the trend has been relentless, remember that strong past performance may not always continue.
• Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
• Shares -3% from 12-month highs; +47% from 12 month lows.

Latest News

25 Sep:  FDM Group, the IT professional services provider, announced the appointment of Jacqueline de Rojas as non-Executive Director.

23 Jul:  FDM Group announced a 9% increase in H1 profits with revenues growing in the UK and at overseas operations.

20 May:  Roderick Flavell, CEO, exercised 40,000 shares in the firm on the 16th May 2019. This Director currently has 8,291,255 shares.

20 May:  Sheila Flavell, Executive Director, exercised 40,000 shares in the firm on the 16th May 2019. This Director currently has 8,291,254 shares.

20 May:  Mike McLaren, Financial Director, exercised 40,000 shares in the firm on the 16th May 2019. This Director currently has 539,295 shares.

20 May:  Mike McLaren, Financial Director, sold post-exercise 18,567 shares in the firm on the 16th May 2019 at a price of 972p. This Director currently has 520,728 shares.

25 Apr:  FDM Group stated that Q1 performance was in line with expectations. Total revenues were up 16%.

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

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