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Zak Mir's Bull Call of the Day No. 2: Redde: Ultra Trending Situation

By Zak Mir | Wednesday 16 December 2015

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

On the daily chart of Redde where we can see that for well over a year it has been trading significantly above the 200 day moving average of 142p, and even mostly above the 50 day moving average 171.3p.

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