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Published on 5 Apr 2017
Zak
Mir thinks the Ryanair Holdings Plc (LON:RYA) can add the best part of
20% to its share price over the summer months as he sets a €17 target
for the stock.
“There’s been a slow grind higher over the past six months that was from the October floor at the €11 level,” explains Mir in the latest Proactive Investors Bulletin Board.
“Since then a slowly rising 200-day moving average and a rising trend channel from as long ago as June last year.
“The implication is that at least while hold above the €14 area we could head as high as €17 at the top of the channel over the next three to four months.”
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