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Home / Ranges / Pennon Group PLC (PNN.L)

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

Pennon Group PLC (PNN.L) A trading opportunity for you?

Will Pennon Group PLC (PNN.L) break resistance at 766p, or retest the bottom of the range at 702p? (-8.4%)

  • Defensive utility stock.
  • The range has developed over the last year.
  • It has touched the 766p level multiple times in the last 12 months. It is now at 766p.
  • 702p-766p trading range since June this year
  • Will the pattern repeat itself, appealing to the short seller and range traders?
    Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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