Sell Pearson

22 thg 12, 2016

Pearson has rallied into resistance at the 200 day MA and the high seen in October. This has also been mirrored on the relative ratio. The stock appears to be rolling over here. We suggest selling with a stop at 860p, this is above the resistance and the 50% Fibonacci retracement level from the highs in June to the low in November. Target 715p