Aberdeen Asset Management is trading in a bullish trend and several arguments argue for the continuation of this trend.

The company shows strong fundamentals. Firstly, net revenue for 1Q increased by 24% to £492.5 million with an operating margin progressing to 44%. Secondly, the asset manager generated a strong cash flow at £248 million, which mean a healthy financial situation. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. The 20-day moving average should help to reach GBp 511.

In consequence, investors can take a long position in Aberdeen Asset Management, at the current price, with a first target at GBp 511. A new bullish fluctuation could lead the security toward new highs in case of breakout of this level. A stop loss will be fixed under the GBp 460 pivot point.