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Gold miner Petropavlovsk returns to the oversold list, as it hovers near the all-time lows just above 55p per share. The decline in the price of gold can’t have helped, but once again the company is suffering from the fact its operations are concentrated in Russia.
Defense firm Meggitt is bouncing again this morning, having zoomed back above its 200-day moving average last week. The stock was one of the best performers in London last week, but the overbought condition leaves it vulnerable to profit-taking in coming sessions.