By Alistair Strang | Tue, 14th March 2017 - 10:28
Aberdeen Asset Management
We listed this pair as potential ISA candidates back in February. Aberdeen Asset Management (ADN) is currently trading around 280p, priced near our original mutter being 265p.
ADN [which last week agreed a merger with Standard Life] has recently started some movement which is of interest, worthy of comment.
Essentially, should the share now trade above 309p, we'd be looking for fairly near-term growth toward 334p initially with secondary, if bettered, at a longer term 376p.
As the chart highlights, the 'blue' downtrend since 2015 appears extremely relevant and a break now above is liable to move pretty firmly.
Once again, we'd hope "the Scottish thing" fails to impact on the company share price potentials. Below 'red' on the chart - currently 245p - would tend to foul our optimism pretty thoroughly.