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Published on 13 Feb 2017
It’s
not been a great few years for engines maker Rolls Royce Holding PLC (LON:RR.) but things slowly seem to be getting better and technical
analyst Zak Mir reckons the shares could add another 20% or so in coming
months.
“It looks like we’ve had a bit of a turnaround on the fundamental front,” says Mir in the Proactive Investors Bulletin Board.
“The view at the moment is, at least while we’re above the 50-day moving average and the floor of this rising trend channel, the target here could be as high as 900p on a technical basis.”
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