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The term no brainer is often used in the stock market. SPRP is an excellent company and is definately a no brainer
Just give it time all the stop losses were hit on the big fall so it's just a waiting game until back above £2+.... This is one to invest in and forgot about for a few months. All imo of course and dyor.
John8833 100% right
This is definitely being held back so expect another nice rise once the MMs have helped all their mates get in.
Buy AMOUNT IS ALMOST DOUBLE TO SELLS. still no movement . mm!!
very nice post . thank you for the input
The stock of Sprue Aegis PLC (LON:SPRP) gapped up by GBX 3 today and has GBX 487.85 target or 193.00% above today’s GBX 166.50 share price. The 6 months technical chart setup indicates low risk for the GBX 76.10M company. The gap was reported on May, 5 by Barchart.com. If the GBX 487.85 price target is reached, the company will be worth GBX 146.87 million more. Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 7.77% or GBX 12 on May 4, hitting GBX 166.5. About 617,416 shares traded hands or 190.39% up from the average. Sprue Aegis PLC (LON:SPRP) has declined 47.97% since October 2, 2015 and is downtrending. It has underperformed by 57.62% the S&P500. Sprue Aegis plc and its subsidiaries is in the business of the design, sale and marketing of smoke and carbon monoxide (CO) detectors and accessories. The company has a market cap of 76.10 million GBP. The Firm also operates its own CO sensor manufacturing facility in Canada. It has a 12.69 P/E ratio. It is also a well-known provider of home safety products.
Some will profit take at this level but this has a way to go in the short term. In my opinion this might touch £2 in the next week or two, then sideways for a few months. Will be back to £2.50 plus in a year or two. Really pleased to have had the opportunity to buy this at a knockdown price.
thanks for your input!! much appreciated GLA
Link to share price history since the beginning of 2016 http://shareprices.com/detail?tidm=SPRP&chart_time_period=2_day&movingaveragetype=&chart_comparison_tickers=&startday=04&startmonth=01&startyear=2016&endday=04&endmonth=05&endyear=2016&frequency=daily#history
The way it's gone so far, I wouldn't be shocked to see it at £2 in two weeks. If we can close today above the 20-day EMA, I can see 200-210p coming relatively quickly.
Nice steady rise, wouldn't be surprised to see £2+ by the end of the month imo.
dduck, still a good time to buy more. lets hope the recovery continues. GLA
I bought (for the first time) on the plunge, so I've been very lucky here. I hope it gets back to previous levels for long term holders. I'll likely start setting a trailing stop loss now as I'm already over 20% up, but my target is £2 (which would be 51% for me). The recovery thus far has been phenomenal, long may it continue.
Clearly being held back so an ii can top up at there levels, hence all the delade trades going through
Pile them up while cheap I say, will be a slow and steady rise back. Dyor
A nice steady 're-rate' quietly confident.
GLA
very well said. this share is looking very positive.
I wouldn't say this publication is a tip sheet. Nothing like IC or Shares....bit broader than share tips, plenty of economics and politics too. It is however good to see Sprue get a bit of profile. For the record I don't agree that it's 'gamble of the week'. I think it's a highly successful, we'll run company that suffered a glitch. Most companies have these at some point. They will put this behind them and get bigger and stronger in my opinion. This will be headlining a number of value and dividend screens at this price. There aren't many shares that do this!!
finish. Just shy of £1.50. £2 could literally be weeks away.