Hikma Pharmaceuticals - Injecting some bullish momentum.

Buy Hikma Pharmaceuticals ( HIK .L)

Hikma Pharmaceuticals PLC develops, manufactures, and markets pharmaceutical products. The Company offers branded and non-branded generic and in-licensed pharmaceutical products. Hikma Pharmaceuticals serves customers worldwide.

Market Cap: £4.79Billion

The long-term trend on Hikma remains bullish . The corrective move lower in recent weeks has found some support at the 38.2% Fibonacci level. The posting of a bullish engulfing candle while simultaneously breaking from a wedge pattern is bullish for short term sentiment. Further upside is expected from here, targeting the previous highs at 2345p from 15th March 2017.

Stop: 1920p
Target 1: 2210p
Target 2: 2345p
Target 3: 2400p

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