Breakout

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After multiple attempts at failing to break the blue resistance line price has closed strongly above this level today.
The catalyst for this was the release of good results, check them out for yourself.
In addition to this they have just got approval from their Spanish business for $5 billion. Ker-ching.
They have also announced a £500 million share buyback program.
Also of note is that two of the Directors have recently bought large chunks of stock.
One bought £1.5 million worth the other over £0.5 million.
Dividend yield %10.
Winner, winner, chicken dinner !

Penafian

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