Short term view - MELROSE : The background trend is clearly bearish.
The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 193.10 p.The next target is at 156.41 p, then 150.42 p. Passing 201.70 p would question the continuation of the fall.
Melrose Industries consists of four divisions: the Air Management division, which includes the Heating, Ventilation & Air Conditioning business, which manufactures and sells split-system and packaged air conditioners and Air Quality & Home Solutions businesses, which is a manufacturer of ventilation products; the Security & Smart Technology division, comprising the Security & Control, Core Brands and Access Systems businesses; the Ergonomics division, which includes the Ergotron business, a manufacturer and distributor of products designed with ergonomic features; and the Energy division, which includes the Brush businesses that supply energy industrial products to the global market.
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