BullBear Trading: Stock and Financial Market Technical Analysis

Companhia de Bebidas das Americas ADS (ABV)

New pick from Faizan's Stock Picks

 

"UPDATE: As of 1st June 2011 I will just name my picks with a little company information. Background technical analysis for each stock will not be provided anymore. This is because writing detailed technical analysis is very time consuming which my busy schedule does not allow. 

Instead I will like to promote discussions in the comments section and would like to listen to your take on the recommended picks.

However, if you still want the background analysis feel free to ask in the comments section or through email. "

 

 

Company Description

Companhia de Bebidas das Américas—AmBev is the successor of Companhia Cervejaria Brahma (“Brahma”) and Companhia Antarctica Paulista Indústria Brasileira de Bebidas e Conexos (“Antarctica”), two of the oldest brewers in Brazil. Antarctica was founded in 1885. Brahma was founded in 1888 as Villiger & Cia. The Brahma brand was registered on September 6, 1888, and in 1904 Villiger & Cia. changed its name to Companhia Cervejaria Brahma. AmBev, a Brazilian sociedade anônima, was incorporated as Aditus Participações S.A. (“Aditus”) on September 14, 1998. AmBev is a publicly held corporation incorporated under the laws of the Federative Republic of Brazil.


Faizan's take

 ABV currently at $31.54 is demonstrating very good technicals and can give a decent profit in the upcoming months. Suggested price target is $33.89 (7.5% increase).

NOTE: Suggested price targets are very flexible and may change as the price action unfolds. Targets are only suggested to give readers a rough estimate of what to expect from the stock and they should not be used by investors as absolute sell points."

 

This post was taken from Faizan's Stock Picks

 

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