Medium term view - AALBERTS INDUSTRIES NV : The moving average is supporting prices.
The trend is still neutral, but the consolidation shape reminds of a bullish reversal. Breaking above the resistance at €32.100 would validate the existence of a bullish trend with an invalidation below €28.400. The market looks like it is going through an accumulation phase.Arguments...
Aalberts Industries is a technology company. As of Dec 31 2015, Co. is organized into four businesses: building installations, which produces and sells connection systems and valves to distribute and control water or gas in heating, cooling, drinking water, gas and sprinkler installations in residential, commercial and industrial buildings; climate control, which develops and produces complete hydronic systems-from source to emitter- for heating and cooling systems; industrial controls, which develops and produces regulation and control systems for selected niche markets; and industrial services, which provides a combination of material technology know-how and manufacturing capabilities.
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