26th Jul 2021. 11.24am
![TAKE PROFITS Alumasc (ALU)](https://regencyresearch.co.uk/wp-content/uploads/2022/07/Alumasc-300x150.png)
Regency View:
TAKE PROFITS Alumasc (ALU)
![Alumasc (ALU) - close at 261p](https://regencyresearch.co.uk/wp-content/uploads/2022/07/Alumasc-300x150.png)
Regency View:
Alumasc (ALU) – close at 261p
Alumasc has been a star performer in our AIM Investor portfolio since adding them in April.
However, last week’s price action saw the shares undergo a short sharp sell-off – snapping multiple ascending trendlines (see chart below).
The reason for the sell-off is unclear and prices have since stabilised at around the half-way mark between the sell-off high to low.
We believe the best course of action is to crystallize our profit and wait to see if more detail emerges regarding the sell-off with a view to possibly re-entering later this year.
Gross Profit = +51%
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