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FTSE 100 Stocks – Outlook for LON: SHP, LON: TSCO

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Shire (SHP): Exhaustion Gap Targets 4,600p Zone Again Although shares of Shire are very much a blue chip FTSE 100 fixture, as far as the price action of the stock in recent times it could be said that those involved here have experienced the kind of rocky ride normally associated with small cap biotechs. This point is underlined by the volatile decline within a falling trend channel on the daily chart, one which has guided the stock down from 5,500p plus to 3,500p last month. The good news for

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