14.07.2014 - Anixter International continues sharp decline
Anixter International's share price has broken through the bottom of the triangle and broke the support level, which coincides with a local minimum at 98.00. Additional signal to buy will be the interception moving average with periods of 200 and 50. Target levels are 94.00 and 90.00. Within the correction the price can rise to 98.00 or lower boundary of the triangle. We expect a decrease in the price over the next few weeks.