By Thierry Laduguie | Sunday 22 December 2013
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.
Shares in National Grid (NG), the electricity company, have been in a long term uptrend ever since the company floated on the stock market in 2002. The only major correction occurred during the financial crisis of 2007-2008. The stock peaked 771p in January 2008, during the period from January 2008 to April 2009 the stock declined to 455p, in the process retracing about 70% of its advance.
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