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TipTVFinance TipTVFinance BRBY, D,
BRBY: Burberry –Approaching bullish break, but lacks volume support
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BRBY, D
Burberry –Approaching bullish break, but lacks volume support

Burberry shares are up almost 3% and are the top performer in the FTSE100 index. A day end close above 1377 (Aug 24 high) would mark a bullish break and open doors for 1468 (Mar 3 high). However, check the volume… the three-day winning streak (including today’s gains) is accompanied by falling volumes. Hence, bulls should observe caution as there could be a ...

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