FTSE 250 slips more than 300 points, trade below the 5-day, 10-day and 20-day SMAs

  • Dec 17, 2019 GMT
  • Team Kalkine
 
  • PM Johnson’s comments to use his mandate to stop any extension of the Brexit transition period beyond 2020 has dragged the mid-cap gauge significantly lower in day’s trading session.
  • At the time of writing (at 03:20 PM GMT), the mid-cap index slumped 308.7 points or 1.41% to 21,610.42 and traded below its 5-day, 10-day and 20-day Simple Moving Averages (SMAs), which are considered to be the immediate support levels.

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