By Robert Sutherland Smith | Tuesday 10 June 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It looks as if the share price of Drax (DRX) - one of our big electrical energy power suppliers - has reached its three year trend support line. Indeed bounced off it just above 600p. The share price, having had its little bounce, is now 632p last seen. What fundamental grounds exist to support belief in that technical position?
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