This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Imperial Brands (IMT)
Imperial Brands (IMT)
Will shares break above 4100p or pull back towards the channel floor at 3600p?
- Shares are near all-time highs and testing the ceiling of a 12-month rising channel
- RSI overbought
- Stochastic oscillator making a bearish cross with its signal line
- Volumes have come down since the Brexit vote
Broker Consensus: 64% Buy, 27% Hold, 9% Sell
Bullish: AlphaValue, Add, Target 4399p, +8.5% (30 Jun)
Average Target: 4101p, +1.2% (5 Jul)
Bearish: Canaccord Genuity, Sell, Target 3250p, -20% (9 Jun)
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Prepared by Michael van Dulken, Head of Research
