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Pest control and hygiene company, Rentokil Initial (RTO), wasn’t looking particularly strong even prior to the arrival of Covid-19 and was trading at a very racey valuation, in my opinion.
Early last month, I pointed out that Rentokil Initial (RTO), the £2 billion plus market cap services support company, was not far from what looked like a potential one year trend support line. At 118p, according to my inspection of the share price chart, the share seems to have reached that support level. So will it bounce off it?
Rentokil (RTO) the services company know to market wags (in the old fashioned sense of the world; nothing to do with the female consorts footballers) as the 'Royal Rat Catcher' has been rattling away and is now has the attention of an international investment bank which make a share to buy. It has risen 34% over the year when the FTSE 100 has gone up only 3.3%. Can it sustain this pace?
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