FRANKFURT (dpa-AFX Broker) - Shares of Heidelberger Druck are attempting a chart-driven breakthrough on Monday. The printing press manufacturer's share price jumped by more than ten percent at one point in the morning, with no specific news being cited as the price driver. The papers were traded above the 1-euro mark right from the start, which probably had a tempting effect. Most recently, 1.07 euros were paid.
Since August, shareholders have been fighting against the status of a "penny stock" – in other words, against a price that has been in the cent range below the 1-euro mark for long periods since October at the latest. In this respect, Monday could have had something liberating about it, because a high since the beginning of August was reached. The price also returned above the 200-day line for the first time since then, which is a popular indicator line for chart-oriented investors./tih/jha/
