Critical Chart Breaks for Top Stock Market Leaders
Prominent stock market leaders have recently made crucial chart breaks, sparking renewed optimism for investors. The Ordinary shares of Commercial Union, Amstrad, Fisons, Unilever, and BP have all cleared key resistance levels, paving the way for potential price rises. This momentum is expected to drive these companies' performances in the weeks and months ahead.
Key Takeaways:
- Commercial Union's Ordinary shares have cleared the 660p level, leaving them poised for a run-up to at least 700p.
- Amstrad's Ordinary shares are set to clear the 45p resistance point, potentially leading to an attack on the 1993 high of 55p.
- Fisons' Ordinary shares need to clear the 150p level to experience a run-up to 180p.
- Unilever's Ordinary shares must top 1220p to enjoy a renewed burst of strength.
- BP's Ordinary shares have cleared the 360p resistance level, making a rise to at least 400p possible.
- BP's July 360p call options, now trading at 33p, present an intriguing gamble.
Statistics:
- Commercial Union's Ordinary shares are currently trading at 663p - 3p above the previous resistance level.
- Amstrad's Ordinary shares are currently trading at 44.5p, just 0.5p below the 45p resistance level.
- Fisons' Ordinary shares are currently trading at 142p, 8p below the 150p resistance level.
- Unilever's Ordinary shares are currently trading at 1165p, 55p below the 1220p level.
- BP's Ordinary shares are currently trading at 366.5p, 6.5p above the 360p resistance level.
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