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Home / Ranges / Direct Line Insurance

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

Direct Line Insurance

A range trading opportunity for you?

Will Direct Line break higher to 343p, or will it fall to 300p lows again?

  • The Direct Line range has been intact since early 2015.
  • Shares fallen back from recent resistance ceiling 2 times; Now trading 316p (at time of writing).
  • Will the pattern repeat itself, testing recent highs at 343p?
  • Shares -16% from 2018 highs; +2.1% from 2019 lows; +8.2% year-to-date
  • 31 Jul – Profit falls 10% but dividend increases
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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Prepared by Michael van Dulken, Head of Research
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