Standard Life PLC is among the top 5 FTSE100 risers; trading 4.4% higher on the day at 332.50.
Volumes have held around 20-day moving average, while there are no signs of topping out on the daily MACD.
The only sign of worry if any is the possible divergence on the Money Flow indicator.
Overall, the stock appears on track to test 345 (38.2% of 2015 high – 2016 low + 200-DMA). Further gains appear unlikely as major averages are still trending lower, so a rise to 345 could be followed by sideways action.
Volumes have held around 20-day moving average, while there are no signs of topping out on the daily MACD.
The only sign of worry if any is the possible divergence on the Money Flow indicator.
Overall, the stock appears on track to test 345 (38.2% of 2015 high – 2016 low + 200-DMA). Further gains appear unlikely as major averages are still trending lower, so a rise to 345 could be followed by sideways action.
