Short term view - INMARSAT PLC : Prices are breaking below the moving average, it is a sign of weakness.
The previous low has been broken, the bearish trend is confirmed. The next target is at 563.00 p. The invalidation level is below 723.00 p.Arguments :
- The major support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
Inmarsat is a provider of global, mobile satellite communications solutions. Co.'s operating segments are aligned to five market-facing business units including maritime, which is focused on worldwide commercial maritime services; enterprise, which is focused on worldwide energy, industry, media, carriers, and Machine to machine services; aviation, which is focused on commercial, business and general aviation services; U.S. Government, which is focused on U.S. civil and military government services; and global government, which is focused on worldwide civil and military government services.
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