Although its share price has gone up by almost one-half from 465p to 695p in just seven months, Reed Elsevier looks set to deliver yet more gains, says Ragu Dharmaratnam of Baselica Ltd.
A good buying opportunity would be a break above the all-time high at 700p, placing a stop-loss just below the pink 55-day moving average line at 640p. The target is 840p.
