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Skywards Schroders

The asset manager has had a stonking run, but looks to be headed higher still
January 30, 2013

It may have rocketed by more than two-thirds since May 2012, but there's no top in sight yet for Schroders, says Ragu Dharmaratnam of Baselica.

Its latest surge has taken it through 'triple top' resistance at 1,950p. Momentum is positive and confirming the price highs. Go long on a break above 1,950p, with a target of at least 2,200p, and placing a stop-loss at 1,875p.