Aberdeen Asset Management : Benefit from the uptrend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 407 | GBX 0 | GBX 387 | -100% |
The company’s fundamentals are still strong. Sales are up + 12.5% for one year. Analysts from Thomson Reuters consensus have revised greatly upward their EPS estimates.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, 20-day moving average helps the stock to keep its uptrend.
In consequence, investors can take a long position in Aberdeen Asset Management with a first target price at GBp 422. A stop loss will be fixed under the short term support at GBp 397.7.