EasyJet shares have been taking off since last summer, tacking on over 50 per cent to highs of almost 500p. Look for any drop back towards the 460p level to take a long position, as trendline support and the 50 and 60-day simple moving averages should offer a buying opportunity. Spread Co quotes easyJet at 482.27p-484.19p.
Carpetright’s trading update today should lay the paving for a position on the company’s performance. With it being no secret that high street retailers are having a struggle, will the flooring specialist be able to buck the trend and post some positive news? Capital Spreads quotes a price of 599.7p-602.8p.
The French Cac took a bit of a tumble following the first round of the French presidential elections and as polls indicate that Francois Hollande shouldn't have too much trouble getting into the Élysée Palace. France's index fell in line with general risk aversion across equity markets, so the question is whether this presents a buying opportunity or not? Capital Spreads quotes a price of 3,115-3,116 for the French CAC 40.
The last update from insurer Admiral prompted a surge of around 7 per cent in the shares, as investors took heart from better-than-expected profits. Still, some of that enthusiasm might wash away if Thursday’s update shows that overall claims are still rising, acting as something of an anchor, holding back further growth in earnings. IG’s price on Admiral is 1,187p-1,191p.