Friday, June 6, 2008

Market Alerts: LSE

Current top-5 most active stocks on the London Stock Exchange for 10:50am GMT:

BTG PLC (BGC): +17.25 +14.02% 140.25p Vol 1.23M Sideways consolidation in play since late-April is no more. Stock follows through on heavy volume.

RPC Group PLC (RPC): +18.25 +9.86% 203.25p Vol: 189,644 Has been caught in a trading range with a 200.00p lid since April. Brief forays to 220.00p before failed to ignite this - will this time be different?

Synergy Health (SYR): +52.00 +7.27% 767.00p Vol: 230,828 Big jump as it works on a challenge of 6-month highs around 800.00p; subsequent resistance can be found at 850.00p and 900.00p, but beyond is plenty of clean air.

ROC Oil (ROC): +7.50 +7.25% 111.00p Vol: 23,206 Much work to do to break its recent deline from 130.00p. Layers of additional resitance up to 180.00p

Petra Diamonds (PDL): +7.00 +6.60% 113.00p Vol: 241,282 Looks to be working itself out of a steady decline from December 2007. However, the 2007 double top around 165.00p is the real challenge.

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