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Prudential perks up

The life insurer's share price presents a nice short-term trading opportunity
April 25, 2013

Prudential is set to rally from the lower end of a rising channel, which creates a buying opportunity, says Mike van Dulken at www.accendomarkets.com.

Various momentum indicators are giving positive readings, while the price is underpinned by the 50-day moving average. Go long, at 811p, with a stop at 795p, and a price target at 880p.