Reckitt Benckiser raises full year guidance

Blue avatar for FOREX.com guest contributors
By :  ,  Financial Analyst

Reckitt Benckiser raises full year guidance

Reckitt Benckiser, the consumer goods company, reported that 3Q revenue rose 6.9% on year (+13.3% like-for-like) to 3.51 billion pounds and 9-month revenue was up 9.4% (+12.4% like-for-like) to 10.42 billion pounds. The company has raised its full-year like-for-like revenue growth guidance to "low double digits" from "high single digit" previously.

From a chartist point of view, the stock price struck against the key horizontal resistance threshold at 8110p while the weekly RSI reversed down from its overbought territory. Prices fell below the 20WMA. As long as 8110p is resistance, a continuation of the consolidation move is likely towards 7084p and 6750p (overlap). Only a push above 8110p would reinstate a bullish bias. 

Source: GAIN Capital, TradingView


Related tags: Equities Coronavirus

Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar