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.

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