The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Dunelm Group joins Kingfisher and others on our oversold list this morning, slumping to levels not seen since February. Should the shares drop through 880p, I suspect we could then see a test of November 2013 lows around 830p.
Can maker Rexam has broken through the recent trading range and is now on course to hit 2013 highs. A break through 545p signals a possible move to 570p and then on to the all-time highs just above 600p.