BAT has had a terrific run over the past decade, gaining fivefold, says Ragu Dharmaratnam of Baselica.
IC TIP:
Sell
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.
