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Lambert: Why I'm watching ITV
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UK broadcaster ITV has had a choppy few months, says Clive Lambert from FuturesTechs. He points out that the stock underwent a correction from 280p to 250p. But he says it has found some support and has seen a reversal pattern this week.
Clive is looking to buy ITV at 259 (Thursday night's close) with a stop below 250-252. He is targeting a return to the recent high of 282 and for those wanting to keep the stock for longer, he believes it will go as high as 300 in the next couple of months.