Imperial Brands 081020
The tobacco products company unveiled reassuring outlook.
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Imperial Tobacco reported its full year trading update, saying that "the tobacco business has continued to perform well despite an uncertain and disrupted trading environment." The company added : "Group net revenue performance is slightly ahead of the guidance provided at our half year results, and is expected to be broadly flat on last year at constant currencies."
From a chartist point of view, the stock opened with a bullish gap above the 1330 support area and the flat 50-day MA. Therefore, readers should consider a new up leg to test the 1145 resistance.
From a chartist point of view, the stock opened with a bullish gap above the 1330 support area and the flat 50-day MA. Therefore, readers should consider a new up leg to test the 1145 resistance.
Source : TradingVIEW, Gain Capital
Imperial Tobacco reported its full year trading update, saying that "the tobacco business has continued to perform well despite an uncertain and disrupted trading environment." The company added : "Group net revenue performance is slightly ahead of the guidance provided at our half year results, and is expected to be broadly flat on last year at constant currencies."
From a chartist point of view, the stock opened with a bullish gap above the 1330 support area and the flat 50-day MA. Therefore, readers should consider a new up leg to test the 1145 resistance.
From a chartist point of view, the stock opened with a bullish gap above the 1330 support area and the flat 50-day MA. Therefore, readers should consider a new up leg to test the 1145 resistance.
Source : TradingVIEW, Gain Capital
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