(This post was last modified: 2014-05-12, 10:52 PM by Tryst.)
RE: UK Stocks - Watchlist and Discussion
(2014-05-11, 01:34 PM)isatrader Wrote: WPP.L (Stage 3), SLN.L (Stage 3A)
WPP looks a good short as the Media sector (NMX5550) isn't looking too good. The 30 week MA is flattening out nicely.
SLN.L, looks a bit tricky as the sector is actually the strongest sector in Isatraders Relative Performance tables. One of the key leaders of the sector, Astrazeneca, has had a bid on the company and a bit of M&A in a sector can float most boats higher. The reason why this sector was one of the worst last week is because the week prior it was the strongest by some margin...due to that bid coming in for Astrazeneca.