Old Mutual oml now on the base line of an uptrend channel looks like it can do well over the months to come on the back of the rising optimism for financial stocks.

As resistance at 105p first and then 135p to negotiate.

Lower indicators RSI and ATR look positive.

Taking a pasting today no news out that I can see.
2517

Must be the weakness of the Rand v $
2517

ONDON (ShareCast) - (ShareCast News) - Shares (Berlin: DI6.BE - news) in Old Mutual (Other OTC: ODMTY - news) , which generates a large chunk of its profits from South Africa, slumped on Thursday as a broker downgrade and weaker rand weighed on the stock. The rand fell near it lowest level against the dollar since 1971 after South Africa's president unexpectedly sacked finance minister Nhlanhla Nene.
RBC Capital Markets downgraded its stance on the stock to 'underperform' from 'sector perform' and cut the price target to 180p from 200p.
It (Other OTC: ITGL - news) said dual-listed Old Mutual is a complex group with significant currency exposure and the bank has concerns around investors' attitude to the Solvency II coverage ratio, which it expects will be towards the lower end of the peer group.
"In Africa, Old Mutual has significant growth opportunities, but the foreign-exchange headwind of such significant exposure to the rand will hold back the share price," said RBC (Other OTC: RBCI - news) .
At 0937 GMT, shares in Old Mutual were down 5.9% to 183.90p.

Thanks Fred, I did see the finance minister had been sacked on the morning news and the Rand was weak v $, fall continued and looks overdone BWDIK.
2517

Old Mutual responded to weekend press speculation with anything but clarity on Monday, releasing a short statement to the market.

The FTSE 100 insurance and finance group was said by numerous Sunday newspapers to be planning a £9bn split into numerous standalone companies, which could lead to a takeover battle for some of its biggest operations.

On Monday, the company said all options for its future were being considered as part of the strategic review announced when chief executive Bruce Hemphill in November last year, but no decision had yet been made.

Finals http://www.moneyam.com/action/news/showArticle?id=5231367

What's going on here - looks incredibly weak. I'm getting tempted

I find this share a b, to judge.

Expecting 220 but never getting it.


Zut.

Support at 191p then buy it?

I'm more tempted around 180p but can't understand it's weakness in relation to it peers.

I shall wait for the moment