Please note, STOCK Trades will be exclusive content in the premium channel, we will put out some samples occasionally. Once we build our holdings up, we will run a virtual portfolio for stocks in the Premium Channel Service of 10 – 20 positions.
BUY - AG BARR - BAG:LSE
Buy up to price – 540p, initial Target 620p
AG BARR are a successful soft drinks company. The business is strong and the chart outlook is excellent. We have a cup and handle formation on the daily chart, price is showing a reduction in volatility with an increase in volume indicating supply is decreasing and we are ready to break higher in the near future. Further consolidation below the line of least resistance at 540p could be possible before the breakout.
Please note: Stock trading should be undertaken with a 3-6 month minimum outlook for a holding period.