Will Reckitt Benckiser turn, or will it maintain momentum to 6778p November highs?

• Shares +9.4% since late Jan.
• Broken out of a falling channel since late November around 6005p.
• Now trading 6072p (at the time of writing).
• Will the positive momentum continue towards 6778p November highs?
• Shares –4.3% from 2019 highs; +7.95% from 2019 lows; +1% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Reckitt Benckiser– An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Reckitt Benckiser using a CFD, at the current price of 6072p. To do this, you need £2,000.

Let’s assume Reckitt Benckiser trend continues to 6778p November highs (+11.6%). Your profit would be £1160, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% below the current price. Reckitt Benckiser falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.