Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

BUZZ-Intertek: top FTSE riser as momentum trade continues

Wed, 29th Oct 2014 10:56

** Intertek tops FTSE 100, up by as much as4 pct and adding 14.2 pct since bottoming on Oct 16.

Chart: http://link.reuters.com/pup33w

** Traders cite Credit Suisse upgrade to "outperform" onsame day as catalyst for rise, with other brokers also soundingbullish.

** Bank rated at five stars for recommendation accuracy onIntertek, according to StarMine.

** JPM reiterates "overweight" in a note this morning, saystrading will improve in H2 2014 and into next year.

** Stock breaks through 50- and 100-day SMA butthinly-traded: 5-day average volumes 20 pct lower than 30-dayaverage.

** "There is momentum in the name, but the volumes have beenbelow par over the last 2 weeks, which suggests [the rise] isnot book-building," said a London-based trader.

(RM: alasdair.pal.thomsonreuters.com@reuters.net)

Related Shares

More News
28 May 2024 09:36

LONDON BROKER RATINGS: RBC likes M&S; Goldman cuts Fevertree to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

24 May 2024 17:05

LONDON MARKET CLOSE: FTSE 100 stumbles as rain dampens retail sales

(Alliance News) - Stock prices in London closed mixed on Friday, with the FTSE 100 finishing lower, but smaller indices ending in the green.

24 May 2024 15:19

London close: Stocks mixed after disappointing retail sales data

(Sharecast News) - London stocks closed with mixed results on Friday, influenced by earlier declines in the US and Asian markets, as investors reacted...

24 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 in red as UK election heats up

(Alliance News) - Stock prices in London were mostly in the red at midday Friday, as the UK election debate heats up and retail sales come in below ex...

24 May 2024 09:21

TOP NEWS: Intertek backs outlook and targets return to peak margin

(Alliance News) - Intertek Group PLC on Friday reiterated financial guidance as it reported healthy, broad-based sales growth in 2024 to date.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.