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Short

Sell Aggreko PLC (AGK)

By Investamate
Updated
Aggreko has broken to new lows on a relative basis against the FTSE 100. The shares are under performing the benchmark index and the support services sector over the past 3 months. Further weakness is expected. Sell with a stop above Friday's high.
Comment
Very close to the stop at present due to a broker upgrade on the stock. This has prompted a short squeeze. Let's see if the downtrend resistance line can do a job?
Comment
AGGREKO: Cut to Underperform at Credit Suisse
Comment
Stop to 960p
Trade closed: target reached
AGKdailychartFTSEshorttradesupportservicesUK
Investamate

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