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Kick the can downwards

Rexam is likely to experience a further crushing in the weeks ahead
July 1, 2013

The bears have seized control for now at tin can maker Rexam, says Zak Mir at www.zaks-ta.com

Its decline has created two gaps this month, which remain unfilled. The price is oversold for now and therefore a bounce may be seen. But if the 430p level gives way, a drop to the former support level under 400p may be seen by the end of July.