Amec (AMEC) has been in an accelerating downtrend since September of last year, says Zak Mir at www.zaks-ta.com.
Over the past month, a bull trap occurred just above the 200-day moving average. It is hard to see much upside here for now. As long as the price does not close above its 10-day average - currently at 1,015p - I'd expect to see downside to the September price floor at 950p over the next two to four weeks.
