Vodafone share price drops after earnings, as technicals point to a 22% surge

Vodafone shares fell to 112p on May 12, down from a year-to-date high of 121.95p, despite the company publishing strong financial results. The decline suggests the market is focusing more on share-price momentum and positioning than on the improved fundamentals tied to Vodafone's strategic refocus on its main markets.

Analysis

Vodafone shares fell to 112p on May 12, down from a year-to-date high of 121.95p, despite the company publishing strong financial results. The decline suggests the market is focusing more on share-price momentum and positioning than on the improved fundamentals tied to Vodafone's strategic refocus on its main markets.