A mid-cap share with upward momentum

Marstons PLC (LSE:MARS)

The current meteor shower (think it is The Haemorrhoids) reminded just how bright Mars shines in the current dark winter sky. It also served to remind us to update our outlook against Marstons (MARS) share price as we last glanced at them in early 2015.

This is a funny little share, not expressing spectacular price potentials but, instead, presents a picture of something which just tends to perform as expected.

Currently trading at 121p, the share price need only better 121.5p to commence a logical cycle to 131p next. As the immediate blue downtrend indicates, there appears little impediment to achieve 131p anytime soon. The funny thing comes with closure above 131p as it shall prove difficult to inhibit the chances of 145p making an appearance.

This target level is a nuisance, effectively matching the high of 2017 and suggesting we should expect a stumble should such a level be achieved. The important thing will be closure above 145p as a revisit to the prior high of 176p should make a lot of sense.

For now, we certainly can be fairly enthusiastic for an initial 131p making itself known.

If trouble is planned, the price needs below 100p to justify real panic as the best we could hope will be a bounce at 83p.

 

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.

Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea. 

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

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