SaxoTV

Lambert: Why I am selling Vodafone

812 views
September 11, 2015 clive, clive futuretechs, clive lambert, clive lambert futurestechs, equities, equities saxo, equities trading, equity, equity index, equity market, equity markets, equity strategy, equity trading, ftse, ftse 100, ftse 100 index, ftse index, ftse index 100, ftse100, futurestechs, index, indices, lambert, saxo, saxo bank, saxo bank equities, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, sell, selling, short, short-selling, stock, stock market, stock markets, stock trading, stocks, stocks markets, trade, trade idea, trade ideas, trade view, trader, trader idea, traders, traders tale, traders tale clive lambert, traders tale saxo tv, trades, trading, trading equities, trading floor, trading floor saxo tv, trading idea, trading platform, trading risks, trading strategy, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor trades, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, vodafone, vodafone stock, vodafone stocks
Clive Lambert is looking to sell Vodafone stock as he believes equity markets could be trading at the top of the range and may soon see another sell-off.

According to Lambert, equity indices hit key resistance levels on Wednesday before seeing selling from these levels. He says this this suggests a weaker tone going forward.

Looking at individual stocks to trade on the FTSE 100, Lambert says Vodafone has failed at key resistance around 232-235p. He is looking to sell at around 228-230, with a stop above 235, targeting a return to the stock’s August low at 210.