Segro PLC Trending Strong
Segro PLC is developing into a nice trend using the 50 to help it climb to higher highs.
On the Monthly chart (not shown) price made an all-time high of £77.24 in 2007. After that we saw price plummet to a low of £1.50 in 2009.
Ever since then, price has been clawing its way back up and appears to be finding some steam and making higher highs and higher lows.
Price is above the Weekly & Daily 200 simple moving averages indicating that the bias is .
There are no previous areas of in the way of price and the only area that may be of concern is the £10.00 psychological
which is some distance away from price, so nothing to worry about for now.
The next pullback followed by a breakout should offer an opportunity to enter a trade.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!