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Buy – Hargreaves Lansdown - 24 May 2018

Trade Parameters

  • Opening Price: 1960p
  • Stop Loss: 1900p (60p/3.1% below)
  • Profit Limit: 2100p (140p/7.1% above)
  • Reward vs Risk: 2.3x
  • CFD Margin: 10%

Technical Observations – For

  • Shares holding mid-May breakout
  • Uptrend from late March intact
  • Stochastics & RSI stuck in upper half = bullish
  • Directional Indicators converging bullishly
  • ADX (trend strength) still high

Technical Observations – Against

  • No moving average support before 1760p
  • Shares +23% from late March lows
  • Stochastics back below MACD
  • Momentum off the boil

Analyst Comments

Attractive share price breakout after mid-month trading update, when the company reported positive asset inflows and new businessBroker Numis says growth story is on track (15 May). Strong Q1 fund inflow updates from peers this reporting season. Potential for recent pause to be consolidation before another leg higher within rising channel. Bullish flag?

Next Event: Preliminary FY Results, 7 Aug

Source: DowJones Newswires, Reuters News, Bloomberg  or Company Press releases

6-month (daily) - MACD, Stochastics, Trend Strength, RSI, Momentum

Share 1wk 1m 3m 6m 1yr 2yr 3yr 4yr 5yr
Perf % -0.4 12.1 14.3 22.3 43.6 52.7 54.1 66.6 96.6
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