By Robert Sutherland Smith | Tuesday 3 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.
I return to the subject of Imagination Technologies (IMG) pointing out that the shares broke out from their recent downtrend when they went through 225p. They stand, last seen at 233p. I last wrote them up in April when the shares were 202p, as a follow up to an appraisal I had penned last December when the share price was at 178p. The stock had been driven down by some pretty big short selling. After a 30% gain since December, what next?
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