Reckitt Benckiser (RB.)

I suppose that the big question associated with the perfect fit deal between SSL (SSL) and Reckitt is why the latter waited until this year to pay 1,200p a share when it could have snapped up the Durex maker for half the price early last year? But of course when you have the money such fine details do not really matter. As far as the daily chart position of Reckitt is concerned there has just been an initial failure at a combination of the black 200 day moving average / April price channel top of 3,300p. Nevertheless, with the RSI now at a very buyable 56 it may be worth waiting for a weekly close above 3,300p to target an upside break and a return to April resistance above 3,600p.

Free Seminar on investing in Europe

Join FT columnist David Stevenson on the 22nd July as he discusses why he feels Europe and especially Euroland could be looking good value compared to its peers, and he evaluates the risk of investing in Europe.

The event will be held from 5.30pm until 7.30pm on Thursday 22nd July 2010 at the RBS offices in Liverpool Street. Register for free here.

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De La Rue (DLAR)

There are normally at least a couple of stages prior to lasting recovery in a stock or market which has been bombed out, just to make sure there is no easy bottom fishing money to be made. As far as De La Rue is concerned we have the stabilisation seen after the initial falling knife brigade went long yesterday at the lower levels. There would now typically be a dead cat bounce to attract the next wave of victim, then a new low down to say, just below 700p, followed by the lasting recovery - as the bulls finally give up on what appears to be a hopeless case. Aquarius Platinum (AQP) can be checked out now as an example of a possible lasting recovery, BP (BP.) possibly not.

Galiform (GFRM)

Galiform has put in an example of a stunning recovery over the past year and a half, having plunged below 15p on its darkest days last year. The current position is that yesterday witnessed a successful rebound off the grey 20 day moving average now at 63p, with the message being that at least while above the green 10 day moving average at 66p one would back the shares to make a beeline for the top of the December price channel / black 200 day moving average at 77p.