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TAKE PROFITS Begbies Traynor (BEG)

Close Begbies Traynor (BEG) at 139p

Begbies have been a strong performer for us since entering the stock in the aftermath of the pandemic.

Recent price action has seen the stock repeatedly stall at a key resistance zone – indicating that a longer-term top may be forming.

We’re also seeing economic data which indicates that the UK recession may be shallower than anticipated which may reduce demand for Begbies services.

With this in mind, we’re happy to crystalise our profit in this stock.

PROFIT = +73.6% (including dividends)

BEG Daily Candle Chart