New long trade identified on the close - Buy SPX LN

Spirax-Sarco Engineering was upgraded this morning and traded positively throughout the day. The shares are outperforming the UKX100 over the past 3 months and look set to push on towards new highs.

Buy on the open tomorrow morning with a stop loss at 4490p

Target is 5300p over the short to medium term.

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Close on the open tomorrow (21st Oct) - Trade has not moved in line with our view.