FTSE 250 index extended gains of the previous traded session, up by 1.85%

  • Dec 16, 2019 GMT
  • Team Kalkine
  • After a spectacular rally the mid-cap gauge registered on December 13, 2019, of 714 points, it has extended gains and traded 390.5 points or 1.81% higher to 21,896.44 as on December 16, 2019, at the time of writing at 02:56 PM GMT.
  • The index traded above its short-term as well as long-term moving averages of 5-day, 10-day, 20-day, 30-day, 50-day, 100-day and 200-day. Also, the moving average convergence divergence is rising, with the difference between 12-day Exponential Moving Average EMA and 26-day EMA remaining positive.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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