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TAKE PROFITS Centrica (CNA)

Close Centrica (CNA) at 112.15p

We’ve enjoyed a very strong run on Centrica after highlighting the stock in May last year.

As the poster boy of the energy crisis, the stock has surged higher since the autumn, putting our position into a very nice profit.

The shares are up 10% in the last week following the commencement of its share buyback programme. And we are going to use this as an opportunity to sell into strength.

With a lot of good news now baked into the price, we’re going to crystalise profits and wait for a healthy pullback before reviewing our stance.

Profit = +42.9% (including dividends)

CNA Daily Candle Chart