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Home / Support and Resistance / Reckitt Benckiser (RB.L) 21-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Reckitt Benckiser (RB.L) 21-11-19

Will Reckitt Benckiser (RB.L) shares break through support at 5863p, or push upwards again to 6606p (+11%)?

 

  • Shares trading at 5932p, near the 5863p support (at time of writing).
  • Will the pattern repeat this time? This support has proven to be a key level in the recent past.
  • 6606p was the recent high. (+11%)
  • Shares -11% from 12-month highs; +6% from 12 month lows.

Latest News

30 Jul:  Reckitt Benckiser revised its annual like-for-like target revenue to 2-3%, following a slower first half.  Revenue was hit by lower demand for infant formula in China and the US.

27 Jul:  UK shares opened up 0.2% after sentiment was boosted by good earnings from BT and Reckitt Benckiser.

19 Sep:  Reckitt Benckiser has announces that Adrian Bellamy has decided to retire as non-executive Chairman, as of the 2018 AGM.

 

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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