IAG Dumps 10% Ahead Of Friday's Final Results
Fiona Cincotta February 27, 2020 10:14 AM
BA is down 10% today, 20% across the week on Heathrow news & coronavirus. Final results due tomorrow.
British Airway’s parent company IAG are expected to report final results tomorrow. The results come as the share prices plunges to a 4-month low after having shed 20% of its value this week and 10% of its value today.
IAG has been on a virtually uninterrupted bullish run since hitting a low of 410p at the end of the summer. Since then the share price has rallied some 65% to a high of 684p in mid-January.
The share price has plunged 20% this week, breaking through the 50, 100 and then today the 200 sma, on the daily tax negating the bullish trend
Immediate support can be seen at 485p (high 1st Oct & 23rd September) prior to 450p (low 3rd Oct) and 410p (Aug low).
Resistance can be seen at 516p (200sma), prior to 546p (today’s high) and 576p (100 sma).
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