THE TIPSTER
DOMINO’S Pizza has been one of the success stories of the last couple of years as more and more people have opted to stay in rather than go out for dinner due to restricted finances and economic uncertainty.
CMC Markets spread on Domino’s Pizza is 463.74p-464.97p
Sainsbury’s dipped to a very significant long term support last week around 308p, a level that was the low of 2010 and strong support also in 2009. Traders were keen to snap up some for the long term with tight, and they hope, relatively safe stop losses below 300p despite the ongoing retail woes. Spread Co offers Sainsbury’s at 315.3p-316.0p
Interims from Rolls Royce, one of the last bastions of British engineering, are due for release towards the end of the week. Given the resolution – at least temporarily – of the Eurozone debt crisis, combined with rampant growth in the emerging economies, the outlook remains upbeat for the firm and brokers seem confident there’s more in the tank. IG Index current price in Rolls Royce is 648.4p-650.1p
After announcing revenues jumped 23 per cent to £935m last Friday, shares in the budget airline EasyJet leapt some 18 per cent to 369p and closed right on the resistance which held its advances in May and early July. With such a jump and strong resistance here, look to sell EasyJet shares this week around this level – unless it gaps sharply above 370p again on Monday. Spread Co quotes 368.4p-369.7p
Shares in Reckitt Benckiser have been performing fairly well in recent weeks ahead of the company interim report which is due to be released today. Speculation that the company may increase its dividend has also helped boost the share price
CMC Markets spread on Reckitt Benckiser is 3,480.35p-3,487.63p