Although Imperial Tobacco is often mentioned as a takeover target, the price action has yet to light up accordingly, says Zak Mir at www.zaks-ta.com.
About the best that can be said for now is that the share price lately managed to rebound from the support level at 2,250p. So long as it does not close below the September triangle floor at 2,328p, there is upside potential towards the resistance at 2,500p over the coming four to six weeks.
