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‘Groundhog Day’ Fevertree still has more room to fizz

Leading technical analyst Zak Mir tells the Proactive Investors Bulletin Board that the premium drinks mixers brand Fevertree Drinks PLC (LON:FEVR) still has plenty of upside.

“The technicals reflect the positive situation,” Mir explains.

“A gap above the 50-day moving average is one of my favourite signals and you had one in July and November 2015, you’ve had them again in May and November last year – it’s like Groundhog Day.”

“I’m looking for a £12.60 or £12.70 target there which is the top of the trend channel.”

Quick facts: Fevertree Drinks

Price: 2273 GBX

AIM:FEVR
Market: AIM
Market Cap: £2.64 billion
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