However, the cigarette giant looks to be running out of puff. The monthly relative strength index is overbought but not confirming the highs in the share price. If BAT experiences an end-of-month close below 2900p, traders should go short, placing a stop-loss at 3300p.
City Trades are written by selected external contributors and are based on the interpretation of patterns on a share price chart, rather than on fundamental analysis of the company's business or prospects.
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