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Published on 9 Feb 2017
GlaxoSmithKline PLC (LON:GSK) shares are on track to re-test their previous 52-week
highs of over £17, according to technical analyst Zak Mir.
Mir tells the Proactive Investors Bulletin Board: “Technically the shares are in a rising trend channel from the end of 2015.
“The floor of the channel is at the 50-day moving average at £15.34 and really while we’re above that we’ve got a decent risk-reward trade.”
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