Aberdeen Asset Management continues its bullish trend in order to test new highest level.

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.