Spark New Zealand Limited (SPK.NZX)

11 September 2018

Technical Summary: Interesting 5 year chart for SPK. The stock has currently moved towards its all time highs that it has found on two previous occasions. The question now is whether the stock can move through this into new all time highs. The direction of the 50 day moving average has been trending up since May and the stock has been buyable when it moves back to the 50 day moving average. If it does not break through to all time highs then it will signal a continuation of the range bound action that the stock has moved within for the last few years.

Interesting chart, stock appears to be consolidating at all time highs

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]