LSE Alert: DRAX Group

Drax Group (DRX.L) jumped 5%, pushing the stock out of a short term downtrend and maintaining support of the 20-day moving average. At 734p the stock has cleared the bulk of 2007 and 2008 resistance, with 2006 highs at 866p next on the radar. There was no company specific news to account for the breakout.


Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website