Short term view - SEVERN TRENT PLC : The support has been reached, it causes the bounce.
The trend remains neutral. Prices will have to break above the peak at 2,179.00 p for the trend to be positive again with an invalidation level below 1,954.00 p.Arguments :
- The support has been reached, it causes the bounce.
- The major resistance has been breached.
- The 38% retracement is causing the bounce.
- Prices are breaking above the moving average.
Severn Trent is engaged in providing water and waste water services and developing renewable energy solutions through Co.'s businesses: Severn Trent Water and Dee Valley Water (together Co.'s Regulated Water and Waste Water business), and Severn Trent Business Services. Co. is organized into two main business segments: Regulated Water and Waste Water includes the wholesale water and waste water activities of Co.'s subsidiary, Severn Trent Water Limited, its retail services to domestic customers, and Dee Valley Water; and Business Services, which includes Co.'s Operating Services businesses in the U.S., the U.K. and Ireland and Co.'s Renewable Energy business.
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