“It looks as though Thomson Reuters has broken out from a base formation and Bekaert may be about to do so”

Eoin Treacy's view Thank you for bringing these charts to the attention of the Collective.

Thomson Reuters broke out of an almost 18-month base in January and found support in the region of the 200-day MA from late February. A sustained move below $28 would be required to question recovery potential.

Elsewhere in the media sector British Sky Broadcasting has rallied impressively since November to post new 11-year highs. While somewhat overbought in the very short-term, a sustained move below the MA, currently near 750p would be required to question recovery potential.

Bekaert, in common with a number of industrially oriented shares, has begun to show signs of renewed investor interest. However, a sustained move above €24 will be required to confirm a return to medium-term demand dominance.