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Compass has edged higher this morning, and despite finishing yesterday well off the highs, the shares are still in overbought territory. Meanwhile temporary power supplier Aggreko is also on the overbought list today, electrified by a strong bounce off the £15 level that carries it to levels not seen since the beginning of March. However, if the rally is maintained it will still have difficulty pushing above the January highs around £17.50.
Meanwhile, engineer Renishaw has completed its journey from overbought to oversold, as it slumps from all-time highs around £22, and while a short-term bounce is possible there is little support to be had above £16.