Marks has rallied into multiple levels of resistance on the daily chart. This is the top of the range where previous highs have stalled. It is also the 200 day moving average. There is divergence on both the relative ratio(vs UKX) and the RSI, which suggests the momentum is stalling. Sell with a stop at 364p, targeting a move towards the lower end of the range at 308p
We are a fan of Johnson Matthey over the long term. The recent correction looks to be a great chance to buy the FTSE100 chemicals company. The shares have formed a channel on the weekly charts and also found support on a relative basis versus the index. There is big resistance at 3575p, which if overcome could open up the upside towards 4000p and beyond. The long...
Pearson has rallied into resistance at the 200 day MA and the high seen in October. This has also been mirrored on the relative ratio. The stock appears to be rolling over here. We suggest selling with a stop at 860p, this is above the resistance and the 50% Fibonacci retracement level from the highs in June to the low in November. Target 715p
BP has rallied into resistance at around the 500p level. This is probably a call to take a bit of profit rather than initiate a speculative short. Medium to Long term we are a fan of the oil majors.
Babcock has failed at the top end of a well-defined downtrend channel. The shares are under performing the benchmark on a relative basis across multiple time frames and making new lows. Sell with a stop at 963.5p and target 851p
DCC has corrected sharply in recent weeks and now appears to be stabilizing in line with the dominant uptrend support line. The bullish divergence on the RSI is another reason to believe that a bounce could be seen in the short term.
Unilever has formed a small base on the daily chart inline with major support. There is also bullish divergence on the RSI and we believe scope for a bounce towards 3400p in the short term. We could see this grind towards the target over the Christmas period.
Large move higher today which is strengthening into the close. This has come at key support on both a price and relative basis versus the benchmark. There is bullish divergence on the RSI also.
Smiths Group has been steadily trending higher for many weeks. The shares are outpeforming the benchmark index and have recently undergone a correction. We are looking to use this dip as a chance to buy for the medium to long term.
WEIR has outperformed the benchmark index and oil support service sector over the past 3 months. The stock is trading in a fantastic uptrend and we believe it will continue to push higher towards 2000p. Buy at the open. Stop loss at 1696p, target 2012p.
EXPN has outperformed the benchmark index and support services sector over the past 3 months. The shares are in a long term uptrend and have triggered a buy in our model. Buy at the open with a stop at 1548p. Target 1695p
Johnson Mathey has outperformed the benchmark index and chemicals sector over the past 3 months. The shares are in a long term uptrend and have triggered a buy in our model. Buy at the open with a stop at 3414p. Target 3775p
Inchcape has been steadily trending lower over the past few weeks. The shares have under-performed the FTSE100 index over the last 3 months as well as the general retailers sector. Sell at market and look for a move towards the June low.
Aggreko has broken to new lows on a relative basis against the FTSE 100. The shares are under performing the benchmark index and the support services sector over the past 3 months. Further weakness is expected. Sell with a stop above Friday's high.
Provident Financial is outperforming the benchmark index over the past 3 months. The shares are trending higher within a channel and have bounced neatly from the lower end. Buy with a stop at 2956p. Target 3528p
Taylor Wimpey has steadily under performed the benchmark index over the past few months and looks set to break lower. Sell with a stop at 146.5p, targeting a move down towards the 'Brexit' low at around 118p
AHT has outperformed the benchmark index and the support services sector over the past 3 months. The shares rank in the top 5 of our quantitative model. We therefore expect new highs from here. Stop @ 1302p, target @ 1542p
GKN has outperformed the benchmark index by over 10% in the last 3 months. The shares have completed a base formation on the weekly chart and look set to push higher over the medium to long term. Buy with a stop at 296p. We are targeting a move towards 416p