30.06.2014 - We expect further decline of price of Marketaxess Holdings

The quotes of the company Marketaxess Holdings could not break through the strong resistance level at 56.60 and continued to decrease gradually along the upper boundary of the descending channel. In case of growth, a signal to buy will be breaking through the upper boundary of the channel and price fixing above the nearest maximum of about 56.60. We expect that the price will continue to move in a downtrend and will reach target levels at 52.50 and 50.10. We recommend opening short positions with a stop above 56.60.

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