Trade in focus: Prudential plc

Saxo's Trade Signals tool has identified a potential downside break out of a rising channel formation in London-based assurance and financial services firm Prudential plc. The tool gives a probability of 67% to this analysis, with this measurement evaluated against past performance over six months with respect to this pattern type.

(Disclaimer: past performance probability may not be indicative of future performance.)

Shares of Prudential plc traded at 1,612.50 GBp (UK pence) as of publication, with Trade Signals identifying this move as having the potential to extend towards 1,531 GBp over the next 29 days.