Friday 20 January 2012

STV Group - Breakout from Downtrend?

STV Group (LSE: STVG) closed at 102p today, seemingly confirming the breakout from the downtrend of recent months (see below)...


As can be seen, the OBV has kicked up nicely in the past few days and there is a buy signal on the ADX indicator. Presumably, recent trading has been making progress - making the ITV settlement less of a drag on the results? Will 2012 be the year of recovery for STVG? Let us know what you think...

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