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Standard life PLC – Rally has legs, eyes 200-DMA

LSE:SL.   None
Standard Life PLC is among the top 5 FTSE100 risers; trading 4.4% higher on the day at 332.50.

Volumes have held around 20-day moving average, while there are no signs of topping out on the daily MACD .

The only sign of worry if any is the possible divergence on the Money Flow indicator.

Overall, the stock appears on track to test 345 (38.2% of 2015 high – 2016 low + 200-DMA). Further gains appear unlikely as major averages are still trending lower, so a rise to 345 could be followed by sideways action.

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