ALTHOUGH recent traffic figures have revealed poor punctuality at budget airline easyJet, the company should be releasing its trading statement bang on time tomorrow. EasyJet will be looking to calm investors’ nerves and the airline appears to have overcome the troubles faced during air travel suspensions when the volcanic ash cloud covered the skies of Europe. Capital CFDs quotes a price of 426.1p-427.8p.
Credit checking agency Experian has enjoyed a recovery in existing established markets such as North America as well as seeing new revenue growth in Latin America. The shares have had a good 2010 so far and while the stock remains above last July’s support at 630p, a re-test of the intraday high at 664p is expected over the next one to two weeks. You could look to place a stop loss at 624p. Spreadex offers a September spread of 647.40p-651.90p on the stock.
Gold has been trending sideways lately, oscillating around the $1,200 mark since the beginning of July. However, it is trading close to some crucial support areas and if they are broken, then we could see gold retrace to the $1,150-$1,160 level. After breaking through the 90-day exponential moving average at $1,189 yesterday, gold found support at $1,181, the 100-day simple moving average. This level coincides with the 38.2 per cent Fibonacci retracement of the move from the year’s low of $1,043 to the high of $1,265. Spread Co offers a spread on spot gold of $1,183.5-$1,184.
City stockbroker Seymour Pierce yesterday recommended buying Gulfsands Petroleum following an upbeat operations update from the small-cap Aim-listed oil and gas exploration company. Production in its Syria fields is particularly encouraging. Spreadex has a rolling spread of 292.7p-294.8p.