23.06.2013 - The quotes of Avery Dennison approached the upper boundary of the corridor

Avery Dennison share price has reached a sloping resistance line and approaching the strong horizontal resistance level near 52.00. To overcome this level will be needed a considerable stimulus. We expect the beginning of a downward price correction in the near future with a stop above 52.00 and the first target around 49.25. In the medium term the price will probably continue to move within the sideway corridor 46,90-52,00.

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