Capita as a business has some questionable fundamentals, however, these are mostly due to their restructuring debts.
They have recently taken on a contract with Google & Microsoft and with their restructuring plans now coming to the fore, they are primed to push higher being undervalued at present.
Capita has already broken resistance which sat around .43 and gained 20%+ on Friday, today's gain were around 14% until a sell off.
I would be taking profits up to .70 but can see this running to .80 in the next month.
They have recently taken on a contract with Google & Microsoft and with their restructuring plans now coming to the fore, they are primed to push higher being undervalued at present.
Capita has already broken resistance which sat around .43 and gained 20%+ on Friday, today's gain were around 14% until a sell off.
I would be taking profits up to .70 but can see this running to .80 in the next month.