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Home / Ranges / Weir Group

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

Weir Group

A range trading opportunity for you?

Will Weir Group fall lower, or will it rise to 1601p recent highs again?

  • Weir Group broke down from 3 month 1418p – 1601p range 5 days ago. Longer term 1299p – 1811p range intact
  • Shares bounced off 1299p; Now trading 1349p (at time of writing).
  • Will shares get back to June highs of 1601p (+18.7%)?
  • Shares -34% from 2019 highs; +3.5% from 2019 lows; -43%% year-to-date
  • Weir Group manufactures oil & gas equipment and has been struggling from falling oil prices.
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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