Esure Group (LSE:ESUR)
Esure Group (ESUR) has experienced a rather crazy ride since our last analysis at the start of 2017. Despite some recent reversals, we’ve a few ideas regarding its immediate potentials due to the nature of price movements.
- Esure Group Trends and Target February 2017
Essentially, should it now manage above 238p, we’d suspect some recovery to an initial 257p can be hoped. If bettered, our secondary calculation comes in at 273p.
There’s a fairly key element in the future, if this lot manage to ensure they close above 273p. This sort of thing is able to promote a future ambition at 318p which is quite a big deal, bettering the highs of recent years and perfectly capable of bringing some game changing long term targets into play.
For now, we’re fairly relaxed about it but would hate seeing the share now trade below 210p as weakness toward 201p becomes very likely. If broken, we’d hope for a bounce from 181p, essentially with the price behaving as if the last couple of years didn’t happen!
Fingers crossed time.
Source: interactive investor Past performance is not a guide to future performance
Alistair Strang has led high-profile and “top secret” software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know “how it worked” with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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