#SDY seems to fall out of favour quite easily, but there is a lot of support for the share price at this level and the company's update on 19th September was very promising as it expects to beat full-year forecasts.
On the strength of that report the share price picked up a little to 53p, but almost immediately slipped back. I subsequently bought at 51p. I know...
Not sure whether the buyers and seasonal low volumes will help to push this beyond 60p in the near-term or if it will fade back. There are price targets at 69p, so it may have the legs to go higher, but not sure it will happen just yet. This is one of my larger holdings since entering at 51p, so it will be interesting to see what happens next.
A robust update today has helped #SDY to hold onto recent gains. There was a gap-up this morning, so there is always the chance the gap could get closed before further progress, but at the moment it looks like 60p could be the next hurdle. A rise above 60p would be very welcome.
