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Filtrona's glowing tip

Created:
3 September 2007
Updated:
25 January 2008
Written by:
Darren Sinden

Filtrona is approaching resistance between 240p and 243p, says Darren Sinden at LITE Trading.

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If it can break above here, moves to 255p and 260p could follow, taking out the down trend-line extending from June's peak in the process. A more distant target is the high around 290p. A clean break above 240p-243p on rising volume would be a buying opportunity, with an eye on 260p. Stops could be placed below the 20-day exponential moving average.

IC FUNDAMENTAL VIEW:

Buy

Good value, 224p, 31 August 2007

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