This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Reckitt Benckiser (RB.)
Reckitt Benckiser (RB.)
Will shares break out above 7795p or pull back towards the lows of 5400p?
- Potential bearish inverted hammer reversal
- Stochastic oscillator is overbought and has made a bearish cross with its signal line
- The RSI is overbought
- Momentum still at all-time highs, although pulling back
- Volume diverging bearishly with price
Broker Consensus: 46% Buy, 42% Hold, 12% Sell
Bullish: Societe Generale, Buy, Target 8600p, +13% (27 June)
Average Target: 7422p, -3% (6 Jul)
Bearish: Independent Research, Sell, Target 5600p, -27% (27 April)
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Prepared by Michael van Dulken, Head of Research
