** WPP rally running out of steam with some traderslooking to short after stock fails to break recent highs
** Relative strength stuck in a downtrend YTD despite a 15pct rise in shares, resistance at 1589p. Chart: http://link.reuters.com/jav74w
** Sell-side overwhelmingly skewed to buy (19 "buy", 10"hold", 2 "sell"), but price targets suggest lack of conviction
** Average analyst sees 6 pct upside to current share price
** Key beneficiary of stronger dollar trade on the upside(34 pct revenues US) but has so far avoided falls seen by otherUSD earners as currency had sold off
(RM: alasdair.pal.thomsonreuters.com@reuters.net)
WPP (WPP)
