London Stock Fall From New High !

London stocks fall from new high after the fear that sooner than expected lighting in the U.S.A dragged markets lower on Friday after a forecast in US jobs report. Economic data from U.S.A of Labor Department said 295,000 non-farm payrolls were added in February, beating the consensus estimate of 235,000 despite the recent severe winter weather. The unemployment rate declined to a seven-year low of 5.5% versus estimates of 5.6% and below 5.7% in January.

The FTSE 100 index fell 0.7% to 6911.80 to close market on negative note. If during the day market is breaching the support level of 6860 on downside after consolidation, then it can test the level of 6800 with the resistance of 6900.

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RECOMMENDATION BUY

TARGET 475

UDG Healthcare Plc

FREE CHARTS & SIGNALS

The Major trend of UDG Healthcare Plc is sideways and it is showing strength for buying . If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 470 upside then it can show upside movement for the target of 475 with the stop loss of 466.

CHART FORMATION:-

Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the trendline will lead to upside movement. Stock is trading above the 50 and 200 DMA with positive bias.

INDICATORS:-

RSI is trading near to 61.20 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

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