viewMarks and Spencer Group PLC

Watch out if M&S shares dip below this point, warns chartist

Technical analyst Zak Mirs tells the Proactive Investors Bulletin Board that investors should be careful if the Marks and Spencer Group Plc (LON:MKS) share price dips below £3.25.

“It’s been a consolidation phase after that May to July breakdown that we saw,” explains Mir.

“There are risks still that if we break below £3.25 – which is the uptrend line from June – then the shares will deliver another leg to the downside.

“In the mean time we've got the 200-day moving average at £3.54 as resistance so watch out for that as the barrier between the bull and bear argument over the near term,” Mir adds.

Quick facts: Marks and Spencer Group PLC

Price: 177.55 GBX

Market: LSE
Market Cap: £3.46 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Stobart Group PLC reports ' strong strategic and operational first-half...

Stobart Group (LON:STOB) CEO Warwick Brady and CFO Lewis Girdwood highlight what they believe to be the 'significant growth potential' within its aviation division and in particular at London Southend airport. Passenger numbers at the airport increased by 41.8% to 1.2 million in the six...

1 day, 5 hours ago


Half-year Report

1 week, 3 days ago

Directorate Change

1 week, 5 days ago

Total Voting Rights

2 weeks, 1 day ago

Director/PDMR Shareholding

2 weeks, 4 days ago

Total Voting Rights

on 1/10/19

Investor Morning

on 1/10/19

2 min read