Investamate

Investamate Updated 

IHG has outperformed the benchmark index and travel sector over the past 3 months. The shares are in a long term uptrend and have triggered a buy in our model. Buy at the open with a stop at 3186p. Target 3534p

Investamate Updated 

Spirax-Sarco Engineering was upgraded this morning and traded positively throughout the day. The shares are outperforming the UKX100 over the past 3 months and look set to push on towards new highs. Buy on the open tomorrow morning with a stop loss at 4490p Target is 5300p over the short to medium term.

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3i Group has outperformed the benchmark index and the financial services sector over the past 3 months. The shares bounced sharply yesterday to break the recent losing streak and now look set to reassert the trend. Buy at the open with a stop at 645p and a target of 742p

Investamate Updated 

GBPUSD has formed a short term base. The trend score on my model has maxed out at -100 so some relief can be expected. I am looking for a pullback towards what should now be support to take a new long position. Stop loss on the position is 25 ticks lower. Idea will cancel at 4pm if now fill has been achieved.

Investamate Updated 

Intu has under performed the FTSE and the Real Estate sector over the past 3 months. The short term trend is negative and the stock scores poorly in my fundamental model.

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The chop in the FTSE continues. We saw those levels mentioned previously between 6970-6920 do another great job and we are a decent amount higher today. The uptrend support line was pierced on a closing basis yesterday and we are back above it as it stands. I think we need to see it kick on above yesterday’s highs if we are to fully get behind a rally back to the...

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Wood Group has made new highs on a price and relative basis. The shares have outperformed the FTSE100 index by over 10% in the last 3 months. I expect the shares to reach the previous highs at 920p

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Morrison Supermarkets has outperformed the FTSE 100 index by over 10% in the last 3 months. The shares are also outperforming their sector index in the same period. The shares have completed a base pattern on the weekly charts and look set to keep pushing higher over the medium to long term.