New position in #GFRD for me today

I have been looking at a number of companies that are just outside of my screening criteria including #GFRD which fails on EBITDA margin and its current price relative to its 50 and 200 DMA. I concluded that the recent price drop is largely due to it going ex-dividend concurrent with a general cooling in the markets in the past week or so, on top of the charge it took this year on legacy contracts. Nonetheless, the fundamentals appear strong as does its order book, which was boosted by its recent framework contract wins. Technical indicators appear to show a potential reversal to the upside in what is a contrarian play. I have opened a position at 1168p.

Comment:

I decided to close my trade at 1314p on 5 Jan 2018 as it had closed the gap from October and failed to break 1320p for the second consecutive day, which also appeared to be a potential point of resistance on the weekly chart which shows a descending trend line. GLA.