Smith & Nephew: Decent Share Price Reaction

This post was written by Zak Mir, a Technical Analyst, Events Host, Presenter, CEO Interviewer and established Market Commentator

It is pleasing there has been a solid reaction today in the share price of S&N in the wake of highlighting the stock as a perennial Cinderella on the M&A front.

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The issue here is that whether there are different parts of the business sold off, or a more holistic deal, the company is clearly in play and will remain so until the situation is resolved given the activist presence.

This should clearly be in the interests of shareholders – who have had to be very patient over the years. 1,500p should beckon either way, judging by the chart trajectory.

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Disclaimer

Zakmir.com is a purely journalistic website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is  recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.

Zak Mir

Zak Mir

About Me

Zak Mir is a Technical Analyst, Events Host, Presenter, CEO Interviewer and established Market Commentator. Zak presents the daily Bulletin Board Heroes which can be seen here at Share Talk

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