vcm11

43.4p - 47p resistance - bullish weekly candle

Long
LSE:FCRM   FULCRUM UTILITY SERVICES LD ORD 0.1P (DI)
Needs to close on daily at 35.7p but if so then an entry would be good as it could well go to 43.4p resistance (previous support)
keep an eye for RSI trend break if 43.4p is touched to analyse if it will go higher.
47p also where 200ma weekly is might well have a breather after so best to scale out near here to protect profits.

Trading Update & Outlook

As announced last week, revenue for the financial year ending 31 March 2019 is expected to be approximately GBP57.0 million (2018: GBP44.6 million) and adjusted EBITDA for the same period is expected to be approximately GBP11.0 million (2018: GBP8.4 million).

The Board believes that Fulcrum's breadth of services across multi utility, gas and electrical markets, sees it well positioned to capitalise on opportunities across the infrastructure and asset ownership sectors. The headwinds encountered in the larger electrical infrastructure sector continue to present challenges but the Board remains confident in the Company's longer term prospects.

Martin Harrison, Chief Executive of Fulcrum, said:

"We continue to see sustained growth in our gas infrastructure and asset business and are encouraged by the smart metering, cross-selling and electric vehicle charging opportunities for the Company. Despite the current conditions in the larger electrical sector, we remain confident that the successful execution of the Company's strategy and balanced approach to the industrial, commercial and residential markets will deliver long term, sustainable growth for Fulcrum."

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