UK election would excite this stock

YOUGOV (LSE:YOU)

Our little diatribe regarding 2017 being "The Year The FTSE Did Nothing" struck a chord with a few folks.

Last year it witnessed 1,700 range, in 2015 there were 1,400 points, in 2014 a sad 900 points were on display, virtually the same as 2013. So this years 500 point range stinks.

In the course of gathering the information, it occurs the UK Government hasn't called an election nor referendum for a while and, as it appears the only usual beneficiary are the polling companies, it provides the excuse for a glance at how YouGov are now doing.

The current situation suggests trades now above just 325p should find sufficient excuse to grow the price to 344p next.

Secondary, if bettered, comes along at a problematic 382p. The reason for our problem at this level is simple.

The computer runs out of target prices! Obviously, this does not mean the price cannot go higher.

If the PM opts to go full out with another bunch of hysterical reasons to vote and keep pollster companies in honey, it's not too hard to imagine this being gapped beyond the 382p level, starting a whole new trend for the future.

If trouble is planned, the price now needs below 269p to indicate some concern though, to be honest, even below 282p would justify severe eyebrow exercises as it would tick the first box in a tier of logic allowing 250p initially with secondary, if broken, a more painful outlook.

Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.

Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea. 

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