18.06.2014 - We recommend you wait for a confirmation of signal on Schweitzer Mauduit International
The price of Schweitzer Mauduit International again has broken the upper limit of the downward channel and tries to gain a foothold above it. Confirmation of a trend reversal signal will be fixing the price above 44.00. In this case quotations may continue to rise to 47.00 and 51.70. Return of the price back to the channel, and fixing under the support level 41.45, will be a signal to sell. We recommend to wait for a signal but we expect the resumption of growth in prices.