Persimmon
Kingfisher
While one day's movement is not usually a major concern, the 7% and 4% declines, respectively, in Persimmon and Kingfisher will likely result in violations of their support in the longer-term point-and-figure charts:
Friday, June 13, 2014
Will Higher Rates Threaten the UK Housing Market?
Following Mark Carney's warning on mortgage debt and rising interest rates in the UK earlier today, homebuilders and home improvement stocks have (not surprisingly) underperformed:
Persimmon
Kingfisher
While one day's movement is not usually a major concern, the 7% and 4% declines, respectively, in Persimmon and Kingfisher will likely result in violations of their support in the longer-term point-and-figure charts:
Persimmon
Kingfisher
While one day's movement is not usually a major concern, the 7% and 4% declines, respectively, in Persimmon and Kingfisher will likely result in violations of their support in the longer-term point-and-figure charts: