Will Reckitt Benckiser turn, or will it maintain momentum to march 6500p highs?

• Shares +7.7% from recent lows.
• Bounce within shallow rising channel? Back to ceiling/recent highs?.
• Now trading 6168p (at the time of writing).
• Will the positive momentum continue towards recent highs of 6500p?
• 10 Apr: Reckitt says not part of Indivior fraud charges
• Shares -5.6% from 2019 highs; +11.0% from 2019 lows; +2.6% 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 6500p. To do this, you need £2,000.

Let’s assume Reckitt Benckiser trend continues to 6500p highs (+5.3%). Your profit would be £530, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Reckitt Benckiser falls 2% and hits your stop-loss. Your loss would be £200.

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