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
