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Home / Ranges / Reckitt Benckiser (RB.L) 14-11-19

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

Reckitt Benckiser (RB.L) 14-11-19

Will Reckitt Benckiser (RB.L) shares break support, or will it continue within the current range and return to highs of 6583p? (+12%)

 

  • Currently trading around the 5863p support at 5870p (at time of writing).
  • The range has proven robust to date. Will the pattern repeat?
  • The price has traded within this range for some time. However, traders should be mindful of stop-loss placement.
  • Will the price continue in this range, bouncing once again to recent highs of 6583p? (+12%).
  • Technical traders should be mindful of news and developments. Check our website and the press for updates.
  • Shares -12% from 12-month highs; +5% from 12 month lows.

Latest News

30 Jul:  Reckitt Benckiser, the household goods company, amended its full year revenue target to 2-3% after a slower than expected first half.  The company said it had been adversely affected by lower demand for its infant formula in the Chinese and US markets.

27 Jul:  UK shares opened up 0.2% on Friday, buoyed by good trading updates from Reckitt Benckiser and BT.

19 Sep:  Reckitt Benckiser today announced the retirement of Adrian Bellamy as non-executive Chairman, effective from the 2018 AGM.

 

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

 

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