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Home / Momentum / Ocado (OCDO.L) 05-05-20

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

Ocado (OCDO.L) 05-05-20

Will shares in Ocado (OCDO.L) continue to rally, setting new recent highs?

  • Now trading at 1712.2p (at time of writing), the share price performance has been very strong.
  • Will it 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 consider of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +60% from 12 month lows.

Latest News

29 Apr:  Berenberg reiterates its buy rating on Ocado Group Plc (OCDO) and increased the target price to 1725p (from 1635p).

28 Apr:  Ocado, the online shopping company,  announced that it would release a trading update next Wednesday.

 

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

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