The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Water firm Severn Trent is enjoying a strong rise, having gained ground for six weeks. It has risen through the highs seen in October last year and in March 2014, and is now overbought on a daily chart. Also overbought is Vedanta Resources, now at its highest level since November and looking to challenge the £11 level that marked the peak at the beginning of that month.
Our oversold shares remain distinctly unloved; with broader market sentiment still shaky these shares have been unable to rally in any meaningful fashion.